By BFN News | 03:09 PM | Monday 01 December, 2014
Economic activity in the US manufacturing sector expanded in November for the 18th consecutive month, and the overall economy grew for the 66th consecutive month, according to the Institute for Supply Management's latest report. The ISM's Purchasing Managers' Index for November fell by 0.3 percentage point top 58.7%, indicating continued expansion in manufacturing but at a slightly slower rate. Of the 18 manufacturing industries, 14 are reporting growth in November in the following order: Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Furniture & Related Products; Fabricated Metal Products; Textile Mills; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Paper Products; Plastics & Rubber Products; Machinery; Transportation Equipment; Nonmetallic Mineral Products; Petroleum & Coal Products; and Primary Metals. The only industry reporting contraction in November is Apparel, Leather & Allied Products. Story provided by StockMarketWire.
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