U.S. manufacturing surges after the election

By Bob Bryan, for Business Insider

Nov 23, 2016

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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."

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