The first look at the November Markit PMI
Prior was 54.8
Manufacturing PMI 55.4 vs 55.7 expected
Prior manufacturing 55.7
Composite PMI 54.4 vs 54.9 prior
All the numbers are slightly below forecast. With all the talk of a dropoff in November data, the market might have been fearing something worse.
Details:
Services sector employment index at 52.8 vs 53.4 prior -- lowest since June 2017
Manufacturing output 54.5 vs 55.2 prior
Manufacturing new orders 56.8 vs 56.5 prior
