US DATA: Nov mfg ISM data: prices paid 69.5, new orders 56.6 vs
58.9, employment 57.5 vs 57.7. “Economic activity in the manufacturing
sector expanded in November for the 16th consecutive month, and the
overall economy grew for the 19th consecutive month. Both new orders and
production continuing to expand. With the PMI at 56.6 percent,
November’s rate of growth is the second fastest in the last six months.
Exports and imports continue to support expansion in the sector. Prices
moderated slightly during the month, but comments from the respondents
express concerns with regard to pricing pressures. The list of
commodities in short supply increased, though short supply items are not
yet posing significant problems. Manufacturing continues to benefit from
the recovery in autos, but those industries reliant upon housing
continue to struggle.” 10 pf 18 industries grew.