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According to the latest data from the company Markit, activity in the manufacturing sector will keep its upward trend, but its pace will be more restrained than observed in October. The November PMI for this sphere was 53.9, which is 0.7 bp lower than the month before.
The report noted that the dynamics of the indicator still remains on the territory of activity growth (above the level of 50.0), while the number of new orders is also increasing. The employment indicator showed a strong growth rate, while the increase in new vacancies was slow. However, the urgent need to increase production capacity, which was provoked by the hurricanes that struck the southern regions of the country, triggered a surge of new orders, and producer prices showed the most active growth since the end of 2013.
The confidence in business circles in the reporting period was at the highest level since the beginning of last year. Although the labor force growth was the fastest in the last half-year, production growth slowed down, provoking an increase in the number of unrealized orders for the first time since April this year. The company says that it is especially encouraging that the growth, whose leader was the enterprises that produce machines and equipment for doing business, is signaling an increase in investments.