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The US non-manufacturing business activity expanded this month as indexes for general activity at the firm level, new orders, and sales grew this month.
Source: Federal Reserve Bank of Philadelphia
DXY down -0.02%, EUR USD up +0.15%
The full- and part-time employment indexes remained positive, and prices paid surged to near all-time levels.
The respondents of the Nonmanufacturing Business Outlook Survey forecasts an overall improvement in business conditions in the next six months as future activity indexes expand.
The diffusion index for the current general activity at the firm level expanded for the second straight month, expanding 13 points to 47.0 in November.
55% of the firms reporting increases surpassed the proportion of firms reporting decreases at 8%.
The firms posted overall expansion in both full and part-time employment for the 10th straight month. The full-time employment index rose 3 points to 15.2.
Price indicator readings signal that overall increases in prices for inputs and the firms’ own goods and services. The prices paid fell down 1 point to 64.6 in November.
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