ISM Manufacturing Index Slips To 53.6 In November

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While the Institute for Supply Management released a report on Tuesday showing a continued increase in economic activity in the manufacturing sector in November, the pace of growth slowed by more than economists had been expecting.

The ISM said its index of activity in the manufacturing sector fell to 53.6 in November from 55.7 in October, although a reading above 50 still indicates growth in the sector. Economists had been expecting a more modest decrease to a reading of 55.0.

While the Institute for Supply Management released a report on Tuesday showing a continued increase in economic activity in the manufacturing sector in November, the pace of growth slowed by more than economists had been expecting. (Market News Provided by RTTNews)