Key Takeaway:
The seasonally adjusted FDI for November 2017 was 56.9 – moderating vs. October’s strong 62.2 reading
but remaining well in expansionary territory overall. Similarly, selling conditions also decelerated slightly
with the seasonally adjusted sales index coming in at a still strong 72.8 (October 80.1). Qualitative
commentary on market conditions was a bit more mixed vs. recent trends with one respondent
highlighting a strong backlog vs. prior year, while another expressed some skepticism on the
sustainability of recent growth. The FDI Forward-Looking Indicator remained very positive, registering a
seasonally adjusted reading of 57.7, but also came down modestly vs. October (59.1).(…)
