The S&P Global Flash U.S. Composite PMI--which gauges activity in the manufacturing and services sectors--remained at 50.7. Demand conditions improved, especially driven by the services sector, as new orders grew for the first time in four months, according to Sian Jones, principal economist at S&P Global Market Intelligence. Services activity crept up to a four-month high in the survey, ticking up to 50.8 in November from 50.6 in October. But the gauge of manufacturing fell to 49.4 from 50.0 in the prior month, a three-month low, S&P said. However, higher service sector output charges pushed up the rate of total selling price inflation, it added.

Source: Wall Street Journal November 24, 2023 15:31 UTC