US Manufacturing PMI Decreases, Services PMI Reaches Four-Month High

US Manufacturing PMI Falls to Lowest Level in Four Months

The Purchasing Managers' Index (PMI) for the manufacturing sector in the US dropped to 51.9 points in November, the lowest level in the past four months. This figure fell below the market expectation of 52 points.

According to preliminary data released by S&P Global, the manufacturing PMI was at 52.5 in October. The index remaining above 50 indicates that growth in the manufacturing sector continues.

Services Sector PMI at Highest Level in Four Months

In November, the US services sector PMI rose by 0.2 points to 55. This indicates that expansion in the sector is ongoing. Market analysts had expected the index to reach 54.6. In October, this value was recorded at 54.8.

The composite PMI, which combines both manufacturing and services sectors, increased to 54.8 in November, up from 54.6 in October. Market expectations for this index were also around 54.5.