2017 Economic Calendar
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PMI Manufacturing Index  
Released On 12/1/2017 9:45:00 AM For Nov, 2017
PriorConsensusConsensus RangeActual
Level54.6 54.5 53.8  to 54.9 53.9 

Highlights
Markit's U.S. manufacturing sample reported a slightly slower rate of growth in November with the PMI ending the month at 53.9, down 1 tenth from the mid-month flash and down 7 tenths from October's 54.6 which was a 9-month high.

Despite the slowing and despite the moderate level, details are positive led by a solid showing for new orders, where foreign demand is keeping up with domestic demand, and including a fourth straight build in backlogs. Production slowed but employment was strong in the month and capacity pressures, as in other diffusion reports, are apparent with delivery delays a problem and input costs on a steep rise.

The higher costs are increasingly being passed through to higher selling prices which is likely one factor behind the confidence in the sample which is at its highest since January last year. This report points to steady strength for a factory sector that appears poised to post strong fourth-quarter numbers.

Consensus Outlook
PMI manufacturing slowed slightly in November's flash to 53.8 but details remained very strong with new orders and backlogs on the rise. Business optimism was also a major plus showing the most strength since early last year. Price pressures were also prominent. Forecasters see a step up for final November with the consensus at 54.5.

Definition
Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across manufacturing industries. The final index for the current month is released roughly a week after the flash.  Why Investors Care
 

2017 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/110/211/112/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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