Manufacturing index announced by the US Federal Reserve New York Branch, Growth in the sector, reaching 31.2 in November showed that it happened.
Taking a positive value, indicating growth in the manufacturing sector and The index, which recorded its highest level since December 2021, reached minus 11.9 in October had happened.
The new order index increased by 38.2 points to 28 in November, and the shipment index increased by 35.2 points to minus 32.5. Future Optimism regarding the 6-month outlook decreased by 5.5 points to 33.2 in the said period. If the manufacturing index, which provides information about the outlook in the production sector, is above zero, it indicates growth, and if it is below zero, it indicates contraction.
Source: www.dunya.com
