US non-manufacturing activity higher in November

Economy 12/6/2018, 4:03 PM
US non-manufacturing activity higher in November

Economic activity in the United States in the non-manufacturing sector recorded a slight increase with the non-manufacturing index reaching 60.7%, the Institute for Supply Management said in a release on Thursday. October's figure stood at 60.3%. Business production index was 65.2%, marking an increase of 2.7 percentage points compared to the month before. The new orders index was 62.5% in November, growing by one percentage point compared to October.

The employment index stood at 58.4% in the eleventh month of 2018, lower by 1.3 percentage points than the figure recorded in October. Prices were on an increase in November, to reach the index of 54.3% in November, 2.6 percentage points higher than November.

Breaking the News / SS