The rebound in the ISM manufacturing index in November was as expected following recent hurricanes and the end of the Boeing strike, however the breakdown showed the sector is still stuck in a rut. While the drop back in the prices paid component made a nice change from the recent strength in other price measures, we doubt it will do much to sway the Fed’s thinking given the more important releases still to come ahead of this month’s meeting.
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