Home/FX/Newsfeed

US Flash PMI Falls to 54.7 in November

Share Print 0

The U.S. manufacturing sector continues to lose some momentum in November, according to the latest Purchasing Managers Index data.

Thursday, the private research firm Markit said its November flash estimate PMI fell to a level of 54.7, compared to October’s final reading of 55.9. According to consensus reports, economists were expecting to see a small rise to 56.2.

Ahead of the flash estimate, the New York Federal Reserve said Monday its Empire State manufacturing survey rose a reading of 10.2, up from October’s level of 6.2.

A reading above 50.0 signals an improvement in business conditions, while readings below 50.0 signal deterioration. Later Thursday morning the market will receive regional manufacturing data from the Philadelphia Federal Reserve.

via Kitco

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top