The ISM Prices Index registered 45% in November, 4 %age points higher than the 41% reported in October. This is the second consecutive month of contraction in the Prices Index. In November, 19% of respondents reported paying higher prices, 29% reported paying lower prices and 52% of supply executives reported paying the same prices as in October. A Prices Index above 49.4%, over time, is generally consistent with an increase in the Bureau of Labor Statistics Index of Manufacturers Prices.

Of the 18 manufacturing industries, five industries report paying increased prices during the month of November: Primary Metals; Furniture & Related Products; Food, Beverage & Tobacco Products; Computer & Electronic Products and Transportation Equipment.

The 10 industries reporting paying lower prices on average during the month of November listed in order are: Textile Mills; Electrical Equipment, Appliances & Components; Nonmetallic Mineral Products; Fabricated Metal Products; Petroleum & Coal Products; Machinery; Paper Products; Chemical Products; Plastics & Rubber Products and Printing & Related Support Activities.