Tuesday, December 18, 2012

Purchasing Managers Index

Manufacturing contracted in November as the PMI™ registered 49.5%, a decrease of 2.2 percentage points compared to October's reading of 51.7%. This is the fourth month in the last six that the PMI™ has contracted, and the index is at its lowest level since July 2009’s 49.2%. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting.

Source: Institute for Supply Management - Manufacturing Report on Business - www.ism.ws

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