ISM non-manufacturing index hits 60.7 in November, vs. 59.7 expected

ISM non-manufacturing index hits 60.7 in November, vs. 59.7 expected

Eduardo Munoz | Reuters A worker of the LIC Corner Cafe prepares an expresso for customers in Long Island City,  New York, November 7, 2018.  The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management. The ISM non-manufacturing index rose to 60.7 last month. Economists polled by Refinitiv expected the ISM non-manufacturing index to hit 59.7 for November, down slightly from 60.3 in October….

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November official Purchasing Managers’ Index 

November official Purchasing Managers’ Index 

Growth in China’s vast manufacturing sector stalled for the first time in over two years in November, missing expectations and adding pressure on Beijing to roll out more economic support measures amid a bitter trade war with the United States. The official Purchasing Managers’ Index (PMI) fell to 50.0 in November from 50.2 in October, data showed on Friday. The 50-point mark is considered neutral territory, indicating no growth in activity or contraction on a…

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