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December 3, 2007

Manufacturing Expands at Slower Rate in November

Manufacturing expanded in November, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
 
The rate of growth in the sector however was down slightly compared with October. The PMI registered 50.8%, a decrease of 0.1 percentage point. A reading above 50% indicates manufacturing expanded; below 50% indicates a contraction.
 
Still, strength in new orders paired with a recovery in production from last month, drove growth. Prices, driven higher by energy prices, are once again the major concern.

Read the full report here.

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