US Factory Activity Unexpectedly Shrinks in November

The Institute for Supply Management’s US Manufacturing PMI decreased to 48.6 in November of 2015 from 50.1 in October. It is the first contraction in manufacturing activity since November of 2012 and the sharpest since June of 2009.
ISM | Joana Taborda | joana.taborda@tradingeconomics.com 12/1/2015 3:32:16 PM
The New Orders Index registered 48.9 percent, a decrease of 4 percentage points from the reading of 52.9 percent in October.

The Production Index registered 49.2 percent, 3.7 percentage points below the October reading of 52.9 percent.

The Employment Index registered 51.3 percent, 3.7 percentage points above the October reading of 47.6 percent.

The Prices Index registered 35.5 percent, a decrease of 3.5 percentage points from the October reading of 39 percent, indicating lower raw materials prices for the 13th consecutive month.

The New Export Orders Index registered 47.5 percent, unchanged from October, and the Imports Index registered 49 percent, up 2 percentage points from the October reading of 47 percent. 

Of the 18 manufacturing industries, five are reporting growth in November in the following order: Printing & Related Support Activities; Nonmetallic Mineral Products; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; and Transportation Equipment. The 10 industries reporting contraction in November — listed in order — are: Apparel, Leather & Allied Products; Plastics & Rubber Products; Machinery; Primary Metals; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Furniture & Related Products; Fabricated Metal Products; and Chemical Products.

US Factory Activity Unexpectedly Shrinks in November