US Non-Manufacturing Sector Improves as Diffusion Index Rises by 13 Points in Nov.

Source: Philadelphia Fed

US level of non-manufacturing rose for the second straight month in November, with the diffusion index gauging current general activity up by 13 points to 47.0. SPY is down -0.11%, DXY is up +0.03%.

• 55% of firms reported an increase in the general activity, against 8% which reported declines.
• New orders index increased by 5 points to 19.2 in November, with more than 33% of firms posting gains against 15% which had declines.
• The sales index rose from 22.5 to 44.4, with over 62% of firms posting increases while 18% registered decreases. 
• Full-time employment rose by 3 points to 15.2, while part-time employment increased by a similar level to 13.2, a gain for the 10^th straight time. 
• Inflation pressures persisted, with the prices received index edging higher by six points to a record of 37.1 in the month. Prices paid index fell marginally by 1 point to 64.6.
• Firms expect an improvement in activity over the next six months, with the index for future activity up by 12 points to 66.7 in November.