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U.S. Manufacturing Index Drops More Than Expected In November

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
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Manufacturing activity in the U.S. continued to expand in the month of November, according to a report released by the Institute for Supply Management on Tuesday, although the pace of growth slowed by more than expected.

The ISM said its manufacturing PMI dropped to 57.5 in November from 59.3 in October, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to dip to 58.0.

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