November data highlighted a sustained acceleration in production growth across the U.S. manufacturing sector, and the latest upturn was the fastest since early-2015. Higher levels of output were supported by a continued rebound in new business volumes, with strong domestic demand helping to offset subdued export sales growth. Manufacturers also reported a moderate rise in staffing numbers and another robust increase in purchasing activity.
At 53.9 in November, up from 53.4 in October, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) 1 signalled a further solid improvement in overall business conditions across the manufacturing sector.
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