US DATA: Nov non-mfg ISM text: “The NMI registered 52 percent in
November, 0.9 percentage point lower than the 52.9 percent registered in
October, and indicating continued growth at a slightly slower rate in
the non-manufacturing sector. This is the lowest reading since January
2010, when the index registered 50.7 percent. The Non-Manufacturing
Business Activity Index increased 2.4 percentage points to 56.2 percent,
reflecting growth for the 28th consecutive month. The New Orders Index
increased by 0.6 percentage point to 53 percent. The Employment Index
decreased 4.4 percentage points to 48.9 percent, indicating contraction
in employment after one month of growth. The Prices Index increased 5.4
percentage points to 62.5 percent, indicating prices increased at a
faster rate in November when compared to October. According to the NMI,
12 non-manufacturing industries reported growth in November.
Respondents’ comments for the most part project continued slow,
incremental growth. There still remains a strong concern about lagging
employment.”