US: November data indicated a positive month for the manufacturing sector - Markit

"November data indicated a positive month for the manufacturing sector, with output, new orders and employment all rising at solid rates," IHS Markit reported on Friday.

Key highlights

However, at 53.8 in November, the seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index pointed to a slightly slower improvement in business conditions than the nine-month peak seen in October (54.6).

Manufacturers anticipate a continued recovery in production volumes over the months ahead.

Input buying expanded at the fastest rate since July.

Latest data pointed to a sharp and accelerated rise in input prices across the manufacturing sector, which was linked to higher raw material costs and strong demand for inputs.

The overall rate of cost inflation was one of the fastest seen in the past five years, which contributed to the sharpest increase in factory gate prices since September 2014.