US Manufacturing Sector Shows Signs of Recovery in November: ISM Report

The manufacturing sector in the United States showed slight improvement in November, according to a report from the Institute for Supply Management (ISM) published on Monday. The Purchasing Managers' Index (PMI) rose from 46.5 in October to 48.4.

New orders improved by 3.3 points to 50.4 compared to October, while the production indicator added 0.6 points to 46.8. The price index slid by 4.5 points to 50.3, while the employment index grew by 3.7 points to 48.1.

Demand remains weak, as companies prepare plans for 2025 with the benefit of the election cycle ending. Production execution eased in November, consistent with demand sluggishness and weak backlogs. Suppliers continue to have capacity, with lead times improving but some product shortages reappearing, according to ISM Manufacturing Business Survey Committee Chair Timothy Fiore.