09:57 AM EST, 11/22/2024 (MT Newswires) -- The November flash reading of manufacturing conditions from S&P Global rose to a four-month high 48.8 from 48.5 in October, slightly below an expected reading of 48.9 in a survey compiled by Bloomberg as of 7:30 am ET.

The index still suggests contraction in the sector, which is in line with the Philadelphia and Kansas City Federal Reserve manufacturing readings released on Thursday but in contrast with the New York Fed Empire State index released on Monday that suggested expansion.

The index for services conditions rose to a 32-month high reading of 57.0 in November from 55.0 in October, compared with expectations for no change.

The services index indicates expansion in the sector which is in contrast with the New York Fed's services measure that signaled contraction.

The composite reading increased to a 31-month high reading of 55.3 from 54.1 in the previous month.