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“The November PMI  registered 59.3 percent, an increase of 1.6 percentage points from the October reading of 57.7 percent,” the ISM announced on Monday.

Key takeaways from the press release

  • The New Orders Index registered 62.1 percent, an increase of 4.7 percentage points from the October reading of 57.4 percent.
  • The Production Index registered 60.6 percent, a 0.7 percentage-point increase compared to the October reading of 59.9 percent.
  • The Employment Index registered 58.4 percent, an increase of 1.6 percentage points from the October reading of 56.8 percent.
  • The Supplier Deliveries Index registered 62.5 percent, a 1.3-percentage point decrease from the October reading of 63.8 percent.
  • The Inventories Index registered 52.9 percent, an increase of 2.2 percentage points from the October reading of 50.7 percent.
  • The Prices Index registered 60.7 percent, a 10.9-percentage point decrease from the October reading of 71.6 percent, indicating higher raw materials prices for the 33rd consecutive month.