Indian Manufacturing PMI edges up to remain in growth territory for 17th straight month
The November Institute for Supply Management® Report On Business® reported a PMI reading of 49 percent for U.S. manufacturers which represented a move into contraction territory for the first time since May 2020. The new figure supported an overall downward trend that started in November of 2021 for U.S. manufacturers.
“Manufacturing contracted in November after expanding for 29 straight months,” says Timothy R. Fiore, Chair of the ISM®; Manufacturing Business Survey Committee.
