US Manufacturing Surges To 20-Month Highs Despite Employment, Export Orders Drop

Extending October’s bounce, Markit’s US Manufacturing PMI for November jumped to its highest since March 2015 with “signs of buoyant business conditions in the US manufacturing sector.” ISM Manufacturing also rose to its highest since Feb 2015 and while overall orders rose, we note that the USD strength may be evident as export orders dropped and employment slowed.
Both Surveys surge…
ISM Breakdown hints at some issues…
PMI rose to 53.2 vs 51.9 last month New orders rose to 53 vs 52.1 Employment fell to 52.3 vs 52.9 Supplier deliveries rose to 55.7 vs 52.2 Inventories rose to 49.0 vs 47.5 Customer inventories fell to 49.0 vs 49.5

This post was published at Zero Hedge on Dec 1, 2016.