Manufacturing PMI: November 2019

The November 2019 PMI data for major economies posted mixed results. The United States’ PMI recovered to 52.6 in November from 51.3 in October, reaching the highest level in four months. Meanwhile, China’s manufacturing PMI edged up to 51.8, just 0.1 points higher, but nevertheless reaching the highest level since December 2016. The PMI figures for both economies are above the 50 threshold indicating that the manufacturing sector is expanding. 

On the other hand, the industrial activity in the Euro Area continued to weaken with the PMI reading at 46.9, increasing from the previous month but still below the 50 threshold which divides growth from contraction. Among the surveyed countries, the lowest figure was observed in Germany (44.1) and the highest - in Brazil (52.9).

The Purchasing Managers’ Index (PMI) is based on monthly surveys of carefully selected companies representing major and developing economies worldwide and designed to provide a snapshot of the health of a particular economy. Detailed data and visualisations can be found in the CEIC Global PMI Monitor.