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PMI Manufacturing Index  
Released On 12/3/2018 9:45:00 AM For Nov, 2018
PriorConsensusConsensus RangeActual
Level55.7 55.3 55.0  to 55.4 55.3 

Highlights
The manufacturing PMI final for November eased to a still solid 55.3 supported by accelerating growth for new orders to a 6-month high, a rise in export orders to a 9-month high and employment which came in at the second highest rate so far this year. Capacity constraints are evident in rising backlogs and slowing vendor performance. Cost pressures for raw materials including metals, the latter tied in part to tariffs, intensified in November with pass through to customers reported.

There are soft softs in today's report including moderation in production and a dip back in business confidence to the least optimistic level since September last year. Yet the gains in orders and employment are solid signals for a factory sector that has been at the top of the 2018 economy. Watch later this morning for the ISM manufacturing where even stronger rates of growth are expected.

Consensus Outlook
Held down by slowing production and inventory growth, PMI manufacturing eased in the November mid-month flash despite acceleration in new orders and employment. Another 1 tenth downtick is expected for November's final with Econoday's consensus at 55.3 vs November's flash level of 55.4. This index ended October at 55.7.

Definition
Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across manufacturing industries. The final index for the current month is released roughly a week after the flash.  Why Investors Care
 

2018 Release Schedule
Released On: 1/22/13/14/25/16/17/28/19/410/111/112/3
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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