US PMIs: S&P Manufacturing PMI improves to 48 8 in November, Composite PMI rises to 55.3
High new order growth signals rising demand from consumers and businesses. This typically translates into higher production to meet the incoming orders. Survey respondents are asked whether a given metric – like production, employment, or inventories – has increased, decreased, or stayed the same compared to the previous month. Based on the distribution of responses,…
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