Purchasing Manager Index (PMI) slips in October. Although it still remains in positive territory and indicates that purchasing managers are optimistic about where the economy is headed, the PMI slipped 2.1 points to 53.6 points in November. Any reading over 50 points is still good news.
Said Norbert Ore, chair of the Manufacturing Business Survey Committee for the Tempe, Ariz.-based Institute for Supply Management, “The manufacturing sector grew for the fourth consecutive month in Nov
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