Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods increased 1.8 percent (nonannualized) in November, following two consecutive monthly decreases and pushing its 3-month annualized growth rate up to 6.4 percent from −0.9 percent in October. Excluding transportation new orders increased 0.3 percent in November. Durable goods orders continued to be a source of strength increasing 3.7 percent while nondurable goods rose just 0.3 percent. Nondefense capital goods excluding aircraft orders, considered a leading indicator of business investment spending, fell 1.2 percent for the month causing its 3-month annualized growth rate to turn negative, −2.9 percent, for the first time since February. Shipments of manufactured goods were slightly positive for the month while its 3-month annualized growth rate remains at 3.3 percent. Unfilled orders increased 1.3 percent and pushed the unfilled orders-to-shipments ratio to 6.16 from 6.07 in October. Inventories continue to accumulate, 0.5 percent, with the inventories-to-shipments ratio now at 1.34.