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November Factory Orders Beat Expectations

US DATA
MNI (Washington)
  • U.S. factory orders were up 1.0% in November, above expectations for a 0.7% increase, and marking the seventh consecutive month of gains, the Census Bureau reported Wednesday.
  • October factory orders were revised up to 1.3% (prev +1.0%).
  • Orders of transportation equipment were up 2.1% in November following a 1.5% increase in October. Orders of motor vehicle parts grew 1.8% after a 0.9% gain in October.
  • Orders of nondefense aircraft and parts fell 2.8% in November, while defense aircraft orders were up 15.7% following a 71.3% gain in October.
  • Excluding transportation, factory orders were up 0.8%.
  • Durable goods orders were up 1.0% in November following a stronger 1.8% increase in October. Meanwhile nondurable goods orders increased 1.1% after a 0.8% gain in October.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

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