Name: S&P Global US Manufacturing PMI fell to 51.9 in November
Uploaded: 2025-11-21T17:43:17.226Z
Duration: 1 min 26 s
Description: CNBC’s Rick Santelli joins ‘Squawk on the Street’ with the latest economic data to cross the tape.

CNBC’s Rick Santelli joins ‘Squawk on the Street’ with the latest economic data to cross the tape.

The S&P Global US Manufacturing Purchasing Managers' Index (PMI) for November registered at 51.9, representing the lowest reading since July and a decrease from the previous month's 52.5. In contrast, the services PMI improved to 55.0, and the composite PMI also rose to 54.8, both reaching their highest levels since July.

Despite the mixed PMI results, all three indices remained above the 50 threshold, indicating ongoing expansion in the US economy. Market reaction was limited, with slight declines in Treasury yields, while the probability of a Federal Reserve rate cut increased significantly following comments from Fed official Williams.

S&P Global US Manufacturing PMI fell to 51.9 in November

Got some PMI data crossing the tape. Let's get to Rick Santelli. Morning, Rick Good morning, Carl. Mick's back here. These are November preliminary reads for S&P Global and the number comes in at 51.9 51.9 and 51.9 would be the lightest going back to July and sequentially lower than 52.5 in the rearview mirror. Now if we look at what's going on with services a bit of a different picture Here's the more optimistic view 54.8 was our final last month. This moves to 55.0 and July's are wild That's the best since July and if we look at the composite also a bit higher than our last look 54.8 versus last month 54.6 also the best since July and the other positive here out other than two out of three are sequentially higher the more important Service and composite is the fact that all three are above 50 expansion territory We're getting a little volatility in the markets on the numbers not a lot, but do keep in mind We're down three basis points on twos and tens for the day. We're down 11 on twos for the week We're down seven on tens for the week and the percentages after Williams from the Fed comment this morning Well, they've gone wild They went from 30% to 70% for a discut currently sitting at 68% the low water mark is a mid 20-percentile squawk on the street will return after a short break

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