Manufacturing Sector Remains Resilient in November
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Manufacturing Sector Remains Resilient in November
U.S. factory output increased in November as supply chain pressures eased and manufacturers ramped up production to its highest level in seven months. Employment expanded to a comparable high although hiring remains a challenge. The Institute for Supply Management’s PMI increased 0.3 percent to 61.1 in November and has been above the expansion benchmark – 50.0 – for 18 months.+
