The small decline in the ISM manufacturing index in November, which mirrors the drop back in the regional Fed surveys and the alternative Markit PMI, still leaves it at an elevated level consistent with solid GDP growth. The depreciation in the dollar this year, together with the strength of demand in the rest of the world, means the outlook for the manufacturing sector remains bright.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services