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US DATA: Mfg PMI Revised To Highest Since June, Mixed Price Details

US DATA
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  • S&P Global US manufacturing PMI revised higher: 49.7 in final Nov (cons & flash 48.8) after 48.5 in Oct. It pushes the index to its highest since June.
  • Press release highlights (in full here): “The US manufacturing sector neared stabilization midway through the final quarter of the year. The rate of decline in new orders slowed sharply, while stronger confidence around the future encouraged firms to take on additional staff. Output continued to be scaled back, however.”
  • “Meanwhile, the rate of input cost inflation weakened further and was the slowest for a year. In contrast, output prices were raised at a slightly faster pace.” Output price inflation is left “slightly above the pre-pandemic average” per the press release.
  • The ISM manufacturing survey follows shortly at 1000ET. 
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  • S&P Global US manufacturing PMI revised higher: 49.7 in final Nov (cons & flash 48.8) after 48.5 in Oct. It pushes the index to its highest since June.
  • Press release highlights (in full here): “The US manufacturing sector neared stabilization midway through the final quarter of the year. The rate of decline in new orders slowed sharply, while stronger confidence around the future encouraged firms to take on additional staff. Output continued to be scaled back, however.”
  • “Meanwhile, the rate of input cost inflation weakened further and was the slowest for a year. In contrast, output prices were raised at a slightly faster pace.” Output price inflation is left “slightly above the pre-pandemic average” per the press release.
  • The ISM manufacturing survey follows shortly at 1000ET.