Both the fiscal cliff and the uncertainty surrounding health care reform were reported by supply managers as negatively affecting their economic outlook,” Goss said.
The region’s employment index inched into positive territory at 50.5 in November, up from October’s 47.7. Goss said durable goods manufacturers are hiring at a slow pace but that employment growth is being offset by job losses at nondurable-goods producers.
The prices-paid index, which tracks the cost of raw materials and supplies, improved to 64.4 in November from October’s 71.5. But the index still suggests costs are increasing.