IHS Markit said its flash manufacturing purchasing managers index rose to 52.2 in November from 51.3 in October. This is the fastest rate since April.
Meanwhile the flash services purchasing managers index in November rose to 51.6 from 50.6. This is the quickest expansion since July.
Any reading above 50 indicates improving conditions. The flash estimate is typically based on approximately 85%–90% of total survey responses each month.
Manufacturers registered a solid rise in new orders in November. There was a small upturn in service sector new business. Both manufacturers and service providers indicated a rise in workforce numbers.
Source : Marketwatch