Global manufacturing growth was unchanged from October's23-month low in November. Exports fell for a third month in a rowand the number of countries reporting a deterioration of businessconditions rose to the highest since 2016.
In a sign that growth may slow further, optimism about the yearahead meanwhile fell to the lowest for at least six years. Pricepressures meanwhile cooled to the least marked for over a year,reflecting softer demand growth for commodities and the falling oilprice.
The US stood out from other major economies by displayinggreater resilience in terms of its recent manufacturingperformance, though Vietnam reported the fastest rate ofexpansion.
Manufacturing PMI holds at two-year low
The JPMorgan Global Manufacturing PMI, compiled by IHS Markit,held steady at 52.0 in November, the October reading was the lowestsince November 2016. Output growth remained close to October's28-month low, indicative of worldwide goods production growing at amodest annual rate just above 2%.