In November, manufacturers displayed increased confidence, as indicated by S&P Global’s Manufacturing Purchasing Managers’ Index (PMI) rising to 49.7, reflecting a slowdown in new order declines and improved demand linked to Trump’s election. The Institute for Supply Management’s PMI was slightly lower at 48.4 but showed growth in new orders. Despite some industries contracting, production and employment rates improved. Manufacturers are optimistic about future growth, though concerns about inflation and potential tariffs remain. Overall, the industry anticipates stabilization and growth in the coming months.

Source: https://www.supplychaindive.com/news/pmi-november-2024-donald-trump-tariffs-demand-layoffs/734316/