Manufacturing Continues To Expand in November

Washington, DC, Dec. 1, 2014 -- Manufacturing continued to expand in November but at a slightly slower pace, according to the Institute for Supply Management.

ISM’s manufacturing purchasing managers index fell to 58.7 in November from 59.0 in October. Of the 18 industries in the survey, 14 grew.

Economists had expected the index to drop to 58.0.

The new orders index ticked up to 66.0 in November after it jumped to 65.8 in October.