U.S. BUSINESS ACTIVITY EXPANDED AT FASTEST RATE IN OVER FIVE YEARS IN NOVEMBER: IHS MARKIT

Highlights

• IHS Markit's manufacturing and services purchasing managers' indexes performed better than what was predicted by several polls

• While Reuters had forecasted that Markit’s manufacturing index would remain at 53, it jumped to 56.7 from 53.4 in October

• A combination of the manufacturing and service readings, Markit’s composite index zoomed to 57.9 from 56.3 in Octobe....