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US Manufacturers Remain Upbeat as Diffusion Index Edges 15 Points Higher in Nov.

November 18, 2021 by Forex Winner Leave a Comment

US Manufacturers Remain Upbeat as Diffusion Index Edges 15 Points Higher in Nov.

Source: Federal Reserve Bank of Philadelphia 

The diffusion index gauging current activity in US manufacturing rose by 15 points to 39.0 in November. The index is the highest since April. SPY is up +0.27%, DXY is down -0.04%.

Current and future general activity indices, January 2008 - November 2021
  • Almost 42% of firms reported increases in activity, up from 40% in October. 3% reported declines, a significant improvement from 17% in October.
  • New orders index rose by 17 points to 47.4, with up to 48 firms reporting an increase in November. The current shipments index was at 32.1, up 2 points from October.
  • The current employment index fell by 4 points to 27.2, despite over 31% of firms posting an increase in job numbers against 64%, which reported no change and 4% that saw declines.
  • Inflation was near long-term highs, with prices paid index up 10 points to 80, its highest since the 42-year record of 80.7 in June. The prices received index rose by 12 points to 62.9, its highest since June 1974.
  • Manufacturing firms remained optimistic of six-month growth, with the index for future general activity up by 4 points to 28.5.

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