ISM: Manufacturing Grew at Slower Rate in November
Manufacturing grew in November, as the Manufacturing PMI registered 57.5%, 1.8% lower than the October reading of 59.3%.
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“Manufacturing performed well for the sixth straight month, with demand, consumption and inputs registering growth, but at slower rates compared to October. Labor market difficulties, both current and anticipated, at panelists’ companies and their suppliers will continue to dampen the manufacturing economy until the coronavirus (COVID-19) crisis ends,” says Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.
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