Stable Eyes

Manufacturing numbers show promising signs in latest report

Manufacturers showed renewed confidence in the industry’s trajectory in November, with companies hiring additional staff, according to S&P Global’s U.S. Manufacturing Purchasing Managers’ Index. 

S&P Global’s PMI reading rose to 49.7 last month, buoyed by a slowing in new order decline, with manufacturers pointing to improved demand conditions following Donald Trump’s presidential win. 

The Institute for Supply Management’s PMI registered slightly lower at 48.4%, though still 1.9 percentage points higher compared to October. ISM’s reading was also driven by improved demand, with new orders reaching 50.4%, the first time the index has hit growth mode since March. 

A reading below 50.0% on a PMI index signals economic contraction.