Thursday, December 01, 2011

A decent ISM Manufacturing report

The ISM Manufacturing report for November was reasonably decent, with the PMI, New Orders, and Production all up and "growing faster." Employment continues to grow, but at a slower pace. The backlog of orders continues to contract and at a faster pace. This report indicates that both the manufacturing sector and the overall U.S. economy are "growing faster" than in October (except employment in manufacturing which is growing but at a slower pace.)

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