US Manufacturing PMI Shows Steady Expansion in November

2025-12-01 14:55 By Joana Ferreira 1 min. read

The S&P Global US Manufacturing PMI registered 52.2 in November 2025, slightly above the preliminary estimate of 51.9 but down from October’s final reading of 52.5.

The latest result signals another month of solid, though moderating, improvement in operating conditions across the sector, underpinned by the strongest rise in output since August, supported in part by a pickup in new orders.

Still, overall demand expanded only modestly amid persistent market uncertainty.

Finished-goods inventories surged at a record pace for the second straight month, reflecting softer-than-expected sales, while employment growth reached a three-month high.

On the pricing side, input cost inflation remained elevated due to tariff pressures.

Firms continued to pass on higher costs through increased selling prices, though the pace of inflation eased to one of the lowest levels seen this year.

Business sentiment strengthened notably, with confidence hitting its highest level since June.



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