(CercleFinance.com) – The contraction of the American private sector is accentuated again in November, given the composite PMI index published by S&P Global, which stands at 46.3 in preliminary estimate, compared to 48, 2 ultimately for the previous month.
Investigators point out that service providers have reported faster declines in activity, but above all that manufacturers have seen their production move into contraction territory, with the manufacturing index even reaching a 30-month low.
For the record, it is the threshold of 50 which separates the expansion and contraction of a sector’s activity for the PMI indices: the lower the index is below this threshold, the faster the rate of contraction.
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