US: ISM Manufacturing PMI rises to 59.3 vs 57.5 expected

Eren Sengezer FXStreet

"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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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