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 production volume index fell from October but stayed above the 50 mark for the eleventh month in a row.
The new orders index was slightly up and stayed over 50. Delivery times were longer than in October. Purchased stocks rose for the third month in a row. The employment index was down to just under the 50 mark.
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