An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.
Among the sub-indices that comprise the PMI, the new orders index “weakened a bit” but remained over the 50 threshold.
The production volume index also fell but continued to show expansion. The employment index rose back over the 50-point mark. Delivery times were longer than in October.
Purchased inventories were up for the fourth month in a row.
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