02:36 PM EST, 11/22/2024 (MT Newswires) -- The flash manufacturing reading from S&P Global rose to 48.8 in November from 48.5 in October, a four-month high, after regional data from the New York, Kansas City and Philadelphia Federal Reserve banks were mixed.

The Institute for Supply Management's national manufacturing reading will be released on Dec. 2.

The simultaneously released flash services reading from S&P Global rose to 57.0 in November from 55.0 in October, a 32-month high suggesting strong expansion. The Kansas City Fed's services index rose to 9 in November from 5 in October. The ISM's services reading is scheduled for release on Dec. 4.

The University of Michigan consumer sentiment index for November was revised lower to 71.8 from the preliminary estimate of 73.0, but was still above October's reading of 70.5 despite uncertainty in the outlook following the election. Michigan said that inflation expectations declined for the one-year horizon, but rose for the five-year period.

The St. Louis Fed's GDP nowcast estimate for Q4 is for a 1.55% gain, revised down from 1.6% in the previous estimate.