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Worth noting Agenda Mon, Nov 23 ET 9:45 AM 1 min read
S&P Global's composite purchasing managers' index, or PMI, summarizes manufacturers' and service businesses' reports of changing activity. It is a survey, not measured output or a GDP growth rate. The previous reading was 55.9 points, with no estimate supplied for November. Its broad, timely coverage can show whether growth is holding up as businesses face expensive financing.[1]
Last release 55.9 pts
Read activity alongside the survey's orders, employment and price responses. Stronger activity backed by orders could support industrial, transport and business-service stocks, but stronger price pressure could squeeze growth-stock valuations through rates. Weaker activity and orders could hurt company sales even if they strengthen the case for lower rates. The key distinction is growth supported by demand versus rising prices alongside slowing business.[1]