The U.S. S&P Global Composite Purchasing Managers’ Index (PMI) slipped slightly in November, reflecting a modest cooling in economic activity. According to the latest data released on December 3, 2025, the PMI index decreased to 54.2, down from the previous 54.6 recorded earlier in the month.
This minor decline signals a softening in business conditions across the manufacturing and services sectors, despite the index remaining above the key threshold of 50 that separates expansion from contraction. Analysts had anticipated a steadier pace, so the new data suggests that economic growth may be tapering off as the year draws to a close.
The decrease, while still representing economic expansion, underscores concerns among businesses as they navigate the complex landscape of post-pandemic recovery and ongoing global economic uncertainties. Stakeholders will likely be closely monitoring the next PMI release to assess whether this trend continues into the new year.
