"The NMI (Non-Manufacturing Index) registered 60.7 percent, which is 0.4 percentage point higher than the October reading of 60.3 percent," the ISM reported on Thursday.
Key takeaways from the press release
- The New Orders Index registered 62.5 percent, 1 percentage point higher than the reading of 61.5 percent in October.
- The Employment Index decreased 1.3 percentage points in November to 58.4 percent from the October reading of 59.7 percent.
- The Prices Index rose 2.6 percentage points from the October reading of 61.7 percent to 64.3 percent, indicating that prices increased in November for the 33rd consecutive month.
- The non-manufacturing sector continued to reflect strong growth in November. However, concerns persist about employment resources and the impact of tariffs. Respondents remain positive about current business conditions and the direction of the economy.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.