German and UK Manufacturing Register Strong Improvement in November

ISM^® reported a U.S. Manufacturing PMI^® of 46.7 percent in November matching the same figure in October. The stagnant readings for both months halted a three-month uptrend from July through September that seemed to show U.S. manufacturing on track to move above the 50 percent mark before year-end. According to the report issued by Timothy R. Fiore, Chair of the ISM^® Manufacturing Business Survey Committee, demand remains soft and production execution is slightly down compared to October as U.S. companies continue to manage outputs, material inputs and labor costs.