News Snapshot:
Thinkhubstudio Global manufacturing business conditions worsened for a fifteenth successive month in November, according to the latest JPMorgan Global Manufacturing Purchasing Managers' Index™ (PMI™) compiled by S&P Global. The headline PMI - a composite index based on five survey variables - registered 49.3, up from 48.8 in October but remaining below the 50.0 no change level to merely indicate a moderation in the pace of decline. Production continued to edge lower in response to a further deterioration in order books. The latter also contributed to a further month of subdued confidence about the outlook, prompting producers to cut employment for...
