Mumbai, Dec. 2 -- Operating conditions in the US manufacturing sector improved for a fourth successive month in November. A solid rise in production and a further increase in employment was reported as confidence in the outlook strengthened.
However, current sector performance was limited by a considerable slowdown in demand growth, in part due to weak sales, which in turn contributed to an unprecedented rise in stock of finished goods for a second month in a row.
Inflationary pressures meanwhile remained historically elevated. Tariffs were again frequently mentioned by panelists as having driven input costs higher, although the degree of pass through by manufacturers was weaker than in November with selling price inflation amongst the lo...