From the first economic report for the week in the US, ISM Manufacturing came in better than expected

From the first economic report for the week in the US, ISM Manufacturing came in better than expected. The reading for November was 58.7, compared to expectations of 58.5. While the numbers did slightly decline from October's 59, it still represents the second highest level since early 2011. The important New Orders component increased 0.2% to 66, while the Production and Employment Index components both fell slightly from October. 14 of the 18 manufacturing industries reported growth for this report. Finally, the Prices Index dropped 9% from a month ago due to lower raw materials prices. Much of that has to do with the plunge in crude oil prices, but it's also a good indication inflation is once again of no concern. (VIEW LINK)