The index was pulled down primarily by the production component, which fell 7.7 points to 55.0. Looking forward, the new orders component also fell but by a lesser 2.3 points leaving it at 56.6 for the month. Employment remained solid at 57.5, only down 0.2 point from October. Over all, these past two months help to alleviate fears of a double dip recession that seemed to be more likely this past summer.
|m/m % change||Oct||Sep||Aug||Jul||Jun||May|
|Private Non Res.||-0.7||0.2||0.4||-4.0||-1.6||-2.5|