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%.
- 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.