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

US Manufacturing PMI at Lowest Level in Four Months

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

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

Service Sector PMI at Highest Level in Four Months

In November, the service sector PMI in the US increased by 0.2 points to 55. This also 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 the manufacturing and service sectors, rose to 54.8 in November, compared to 54.6 in October. Market expectations also suggested that this index would stand at 54.5.