Yesterday, the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52% in November.
The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 24th consecutive month; the growth rate slightly declined again from 52.9% in October to 52% in November i.e. a 0.9 percent points decrease. This means that while the US non-manufacturing sector is still growing, it grew during November by a slightly slower pace than in October.
Among the leading sectors in U.S. non-manufacturing industries that grew during November included: Retail Trade; Mining; Information; Utilities; Real Estate, Rental & Leasing; Management of Companies & Support Services.
The leading industries that contracted during November included: Agriculture, Forestry, Fishing & Hunting; Arts, Entertainment & Recreation; Educational Services; Finance & Insurance; and Construction.
The reports show that prices related to the non-manufacturing industries were growing faster in November than in October. The business activity/production also grew faster.
This report didn’t seem to have much of an effect on the major commodities prices as gold, silver and oil prices didn’t change much yesterday.
Yesterday the major U.S. stock market indexes were traded up including the DOW, S&P500 and NASDAQ. Currently, commodities prices are traded slightly down:
Current Nymex crude oil price, short term futures (January 2012 delivery) is traded down by 0.37%, at $100.62 per barrel as of 08:02*.
Current gold price, short term futures (January 2012 delivery) is traded at $ 1,718 per t oz. a $15.6 decrease or 0.90%, as of 07:53*.
Euros to USD is currently traded down at 1.3341 a 0.4479% decrease as of 08:08*.
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