December 4, 2009
The manufacturing recovery decelerated in November. The closely-watched Institute for Supply Management's PMI Index, while remaining above the growth threshold of 50 for a fourth consecutive month, dropped to 53.6 last month from 55.7 in October. The slowdown was mainly driven by deteriorations in the production and employment components of the index. Meanwhile, both the new orders and export components of the November report continued to accelerate, which is a positive signal for the manufacturing sector in upcoming months.
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