ISM Manufacturing PMI Remained Negative in November, Services PMI Falls But Remains Positive

The Institute of Supply Management’s widely followed Manufacturing PMI Index remained in contraction territory for the fourth consecutive month at 48.1 in November, down from 48.3 in October. Economists had widely expected the measure to tick higher, though not into expansion territory, in November. Among the PMI’s subcomponents that moved lower during the month were…