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Manufacturing Expands at Slower Rate in November
December 3, 2007
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.