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Reading: What November’s U.S. ISM PMI Surveys Are Actually Saying
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Forex

What November’s U.S. ISM PMI Surveys Are Actually Saying

Editor
Last updated: December 4, 2025 7:24 pm
Editor
Published: December 4, 2025
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What November’s U.S. ISM PMI Surveys Are Actually Saying


The November 2025 ISM experiences simply dropped, and so they’re portray an enchanting split-screen image of the US financial system: factories struggling whereas the providers sector retains chugging alongside.

ISM surveys are one of many high main financial indicators, so let’s break down what these numbers truly imply and extra importantly, what every sub-index is signaling about the place the financial system could be headed.

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Germany November preliminary CPI +2.3% vs +2.4% y/y anticipated
Japan preliminary manufacturing PMI for November 48.8 (prior 48.2)
Each day Broad Market Recap – November 3, 2025
Inflation is vital to the FX market
UK, Germany talk about NATO forces in Greenland to calm US risk — Bloomberg

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