The manufacturing sector expanded in November for the fourth month, according to the latest Manufacturing ISM Report on Business.

 

The rate of growth however slowed. The PMI was at 53.6%. New orders and production remained at positive levels, and the prices index fell 10 points, indicating less inflationary pressure on manufacturers’ costs.

 

Respondents to the survey showed concern about the lower value of the U.S. dollar, but did note increased capital construction and a "steady increase in business."

 

In November, 12 of the 18 manufacturing industries reported growth. The industries – listed in order – are: Apparel, Leather & Allied Products; Printing & Related Support Activities; Petroleum & Coal Products; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Transportation Equipment; Chemical Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Paper Products; Fabricated Metal Products; and Machinery. The five industries reporting contraction in November are: Wood Products; Furniture & Related Products; Nonmetallic Mineral Products; Primary Metals; and Plastics & Rubber Products.