US PMI composite rises to 54.8, solid Q4 momentum but inflation pressures re-emerge

US business activity held firm in November, with the PMI Composite edging up from 54.6 to 54.8. The manufacturing index slipped from 52.5 to 51.9, while services climbed from 54.8 to 55.0. According to S&P Global’s Chris Williamson, the rea
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