- Analytics
- News and Tools
- Market News
- U.S. factory orders unexpectedly drop in November
U.S. factory orders unexpectedly drop in November
The U.S.
Commerce Department reported that the value of new factory orders decreased 0.6
percent m-o-m in November, following an unrevised 2.1 percent m-o-m drop in
October.
Economists
had forecast a 0.2 percent m-o-m advance.
The release
of the report was delayed by 28 days due to the U.S. government shutdown.
According
to the report, orders for durable goods rose by 0.7 percent m-o-m in November,
driven by a gain in orders for transportation equipment (+3.0 percent m-o-m).
Meanwhile, orders for non-durable goods decreased by 1.9 percent m-o-m.
Total factory orders excluding transportation, a volatile part of the overall reading, fell 1.3 percent m-o-m in November (compared to a downwardly revised 0.2 percent m-o-m gain in October), while orders for nondefense capital goods excluding aircraft, a measure of business spending plans, fell 0.6 percent m-o-m (compared to a 0.5 percent m-o-m raise in October).
The report also showed that shipments of core capital goods decreased 0.2 percent m-o-m in November, after increasing 0.8 percent m-o-m in October.
In y-o-y
terms, factory orders grew 7.9 percent in November.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
