Once again - Manufacturing survey data is completely contradictory...

Following China's ugly PMI data, US Manufacturing PMI modestly missed expectations in November, sliding to 3-month lows as output growth slowed notably.

Markit also notes that Business confidence dipped to the weakest since September 2017. Although optimism stemmed from stronger demand, some raised concerns surrounding the sustainability of the current sequence of new order growth.

BUT...

ISM Manufacturing beat expectations rising to 59.3, well above expectations of 57.5, rebounding off last month's 5-month lows.

So take your pick...