WASHINGTON – U.S. companies companies grew at a barely stronger tempo in November, an indication that the current inventory market sell-offs have but to dampen enthusiasm amongst shoppers.
The Institute for Provide Administration, which consists of buying managers, stories that its companies index rose to 60.7 final month, up from 60.three in October. Readings above 50 level to additional enlargement Companies firms have been increasing for 106 months, or nearly 9 years.
The enterprise exercise and new orders parts of the index improved in November, whereas employment slowed. Out of 18 industries, 17 reported development.
Non-public companies firms account for greater than 70 % of U.S. nonfarm jobs.
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