US Manufacturing Growth Remains Solid: Markit



The IHS Markit US Manufacturing PMI fell to 55.4 in November 2018 from 55.7 in the previous month and below market consensus of 55.7, a preliminary estimate showed. Output growth slowed to a three-month low while new orders rose the most in six months and the pace of job creation hit an 11-month high.

Manufacturers suggested that robust domestic demand and strong confidence among clients had supported their order books during the latest survey period. A number of firms noted that capacity constraints and stretched supply chains were the main headwinds to output growth at their plants. 

Meanwhile, latest data pointed to another sharp rise in average cost burdens. Manufacturers widely commented on strong demand for raw materials and higher metals prices linked to tariffs. However, overall input price inflation eased slightly from October’s three-month high.

US Manufacturing Growth Remains Solid: Markit


Markit | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/23/2018 2:50:59 PM