Articles by Robert Hughes
The nonmanufacturing sector expanded in November, but the mixed results and near-neutral level of the composite index perpetuates doubts about the strength of the economy.
Nonresidential construction activity continues at a high level though the broader trend is essentially flat.
The ISM’s manufacturing PMI posted a fourth consecutive month below neutral in November. Declining trade amid slowing global growth and erratic U.S. policies are keeping risks elevated.