PMI down at 54.7 in November
A PMI over 50 signals expansion in the manufacturing sector.
Among the PMI sub-indices, the new orders index fell from the previous month but remained over the 50-point mark.
The production volume index also declined but was over 50.
The employment index indicated growth for the fourteenth month in a row.
Delivery times were longer in November.
The gauge of purchased inventories dropped but was above the 50-point mark.