U.S. manufacturing surges after the election

By Bob Bryan, for Business Insider

Nov 23, 2016

Get Plant Services delivered to your inbox Monday through Friday! Sign up for  Plant Services' complimentary Smart Minute (Monday-Thursday) and Smart Digest  (Friday) e-newsletters to get maintenance and reliability know-how you can put  to use today, plus the latest manufacturing news from around the Web, white  papers, and more. Learn more and subscribe for free today.

The Markit flash reading of the US manufacturing sector came in stronger than expected for the month of November at 53.9.

The Markit purchasing managers index (PMI) was projected to come in at 53.4 by economists, the same number as October. Part of the reason according to Chris Williamson, the chief business economist at Markit, was the end of the US presidential election.

"US manufacturers enjoyed a strong post-election bounce in November, further tilting the scales toward the Fed hiking rates in December," said Williamson in the release. "Many factories reported that demand from customers had picked up as uncertainty about the election result cleared."

Read the full story.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments