Economy
December 2, 2014
Manufacturing Slid Back Slightly in November
Written by Peter Wright
The Institute of Supply Management released their November report on December 2nd and after the October surprise on the upside, the index slid back slightly from 59.0 to 58.7. However, this is still the third best result of the year. Any number >50 indicates expansion and this was the eighteenth straight month for which this was the case. The three month moving average (3MMA) declined from 58.2 in October to 58.1 in November, this was the twenty sixth consecutive month of a value >50 in the 3MMA but was the first time in eight months that its average declined, (Figure 1).
