Magical Trade
Thursday, May 19, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

ISM(R) Manufacturing index increased to 61.1% in November

by
December 1, 2021
in Trade News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

An energy transition loophole is allowing Big Oil to offload high-polluting assets to private buyers

Scared of getting a mortgage? A strategist on why a 1990s gadget gives her cause to be optimistic

by Calculated Risk on 12/01/2021 10:04:00 AM

(Posted with permission). The ISM manufacturing index indicated expansion in November. The PMI(R) was at 61.1% in November, down from 60.8% in October. The employment index was at 53.3%, up from 52.0% last month, and the new orders index was at 61.5%, up from 59.8%.

From ISM: Manufacturing PMI(R) at 61.1% November 2021 Manufacturing ISM(R) Report On Business(R)

Economic activity in the manufacturing sector grew in November, with the overall economy achieving an 18th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM(R) Report On Business(R).

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management(R) (ISM(R)) Manufacturing Business Survey Committee:

“The November Manufacturing PMI(R) registered 61.1 percent, an increase of 0.3 percentage point from the October reading of 60.8 percent. This figure indicates expansion in the overall economy for the 18th month in a row after a contraction in April 2020. The New Orders Index registered 61.5 percent, up 1.7 percentage points compared to the October reading of 59.8 percent. The Production Index registered 61.5 percent, an increase of 2.2 percentage points compared to the October reading of 59.3 percent. The Prices Index registered 82.4 percent, down 3.3 percentage points compared to the October figure of 85.7 percent. The Backlog of Orders Index registered 61.9 percent, 1.7 percentage points lower than the October reading of 63.6 percent. The Employment Index registered 53.3 percent, 1.3 percentage points higher compared to the October reading of 52 percent. The Supplier Deliveries Index registered 72.2 percent, down 3.4 percentage points from the October figure of 75.6 percent. The Inventories Index registered 56.8 percent, 0.2 percentage point lower than the October reading of 57 percent. The New Export Orders Index registered 54 percent, a decrease of 0.6 percentage point compared to the October reading of 54.6 percent. The Imports Index registered 52.6 percent, a 3.5-percentage point increase from the October reading of 49.1 percent.”
emphasis added

This was at expectations, and this suggests manufacturing expanded at a slightly faster pace in November than in October.

ShareTweetPin

Related Posts

An energy transition loophole is allowing Big Oil to offload high-polluting assets to private buyers

by
May 19, 2022
0

An oil flare burns at Repsol's oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of...

Scared of getting a mortgage? A strategist on why a 1990s gadget gives her cause to be optimistic

by
May 19, 2022
0

Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images One strategist has...

The Dow Tumbled to Its Worst Day Since 2020. How One Stock Made It Happen.

by
May 19, 2022
0

Traders on the floor of the New York Stock Exchange last week. The Dow Jones Industrial Average had its worst...

Stock futures rise slightly after Dow’s worst day since 2020

by
May 19, 2022
0

Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City....

Asia markets sell off as Hong Kong’s Hang Seng leads losses, Tencent shares plunge nearly 7%

by
May 19, 2022
0

SINGAPORE -- Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan...

Next Post

Costco Stock Shows Heavy Implied Volatility; Could This Iron Condor Trade Snatch A 30% Return?

Capital One says it's ditching all consumer overdraft fees, giving up $150 million in annual revenue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • These are the global stocks to own if stagflation hits, according to Credit Suisse

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net