PMI Survey: US Economic Growth Slowed Slightly in November,

US private sector growth remained robust in November, although losing some pace as activity slowed among services providers, according to a survey of purchasing managers.

The flash US composite output index decreased to 56.5 in November from 57.6 in October, a two-month low, according to data from IHS Markit released Tuesday.

Businesses grew rapidly in November, but they are still being hampered by ongoing labor and supply shortages that are feeding the biggest burst of inflation in 31 years and constraining an economic recovery.

A pair of surveys by IHS Markit showed the economy expanding this month at an accelerated pace. Yet the U.S. could be growing even faster if businesses could get all the labour and supplies they needed.