MTSI Manufacturing PMI Composite Indexes: November 2025 (Final)
| Index | October 2025 | November 2025 |
|---|---|---|
| General PMI | -0.47 | -0.45 |
| Shipments | 0.14 | -0.10 |
| New Orders | -0.12 | -0.55 |
| Production | 0.05 | 0.75 |
| Employment | -0.42 | -0.19 |
| Prices Paid | 0.58 | 0.59 |
| Prices Received | 0.63 | 0.35 |
The MTSI Manufacturing PMI General PMI Composite Index improved slightly from -0.47 in October to -0.45 in November, revised down from the 2nd estimate of -0.39, with 9 out of 9 PMIs reported.
- Activity indicators have largely returned to normal, with the Shipments index at -0.10 and the Production index jumping to 0.75.
- The New Orders index remains volatile and settled a bit lower at -0.55.
- The Employment index remains negative but increased to the highest since May 2025 at -0.19.
- The price indexes continued to fall from their 2025 highs, with Prices Paid down to 0.59 (around the lowest since February 2025) and Prices Received down to 0.35 (joint-lowest since January 2025).
