Factory Activity Surges in November
December 02, 2019
The U.S. Manufacturing Purchasing Managers’ Index jumped to 52.2 in November, the highest reading in seven months. According to EIA, industrial customers form an important gas-use sector, using gas to fire boilers for steam, direct heating for melting, baking or drying, and operating combined heat and power facilities.
Unlike the electric sector, whose demand for natural gas is highly price-sensitive, the industrial sector is slower to respond to changes in price.