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New manufacturing orders continue to hold firm in November

Staff Writer | November 23, 2016
The November SMI data for the Global Manufacturing sector reported another cautious month in manufacturing activity with a New Orders Index of 53.5.
New manufacturing orders
Manufacturers   The Sales Managers Index: Global Manufacturing
Despite the solid levels of new sales this month, managers are still reporting that the manufacturing sector as a whole is continuing to decline on a global scale – this is represented by a Market Growth Index of 48.6, World Economics reports.

The Output Price Index for November fell slightly on the October level with companies passing on input cost increases to clients.

Panel members are suggesting that continued stable sales growth and consistent output price rises are fuelling only mild optimism.