US: November PMI registered 58.2, a decrease of 0.5 points from October - ISM

"The November PMI registered 58.2 percent, a decrease of 0.5 percentage point from the October reading of 58.7 percent," the Institute for Supply Management (ISM) reported on Friday.

Key highlights

 The New Orders Index registered 64 percent, an increase of 0.6 percentage point from the October reading of 63.4 percent.

The Production Index registered 63.9 percent, a 2.9 percentage point increase compared to the October reading of 61 percent.

The Employment Index registered 59.7 percent, a decrease of 0.1 percentage point from the October reading of 59.8 percent.

The Supplier Deliveries Index registered 56.5 percent, a 4.9 percentage point decrease from the October reading of 61.4 percent.

The Inventories Index registered 47 percent, a decrease of 1 percentage point from the October reading of 48 percent.

The Prices Index registered 65.5 percent in November, a 3 percentage point decrease from the October level of 68.5, indicating higher raw materials prices for the 21st consecutive month.