Manufacturing Continues To Expand in November

Tempe, AZ, Dec. 1, 2011 -- Economic activity in the manufacturing sector expanded in November for the 28th consecutive month, and the overall economy grew for the 30th consecutive month, according to the latest Manufacturing ISM Report On Business.

The PMI registered 52.7%, an increase of 1.9 percentage points from October's reading of 50.8%, indicating expansion in the manufacturing sector for the 28th consecutive month.

The New Orders Index increased 4.3 percentage points from October to 56.7%, reflecting the second month of growth after three months of contraction.

While the Prices Index, at 45%, increased 4 percentage points from the October reading of 41%, prices of raw materials continued to decrease (registering below 50%) for the second consecutive month.