Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods were little changed in November, increasing $0.2 billion or 0.04 percent (nonannualized), following an increase of 0.8 percent in November. Year over year growth rates for new orders continue to decrease from higher levels seen earlier in the recovery, increasing 1.3 percent from last November. Excluding transportation new orders increased 0.2 percent for the month while the durable goods orders series rose 0.8 percent and the nondurable goods orders fell −0.6 percent for the month. Nondefense capital goods excluding aircraft orders (considered a leading indicator of business investment spending) grew 2.6 percent for the month pulling its three-month annualized growth rate up from −21.1 percent in September to 22.6 percent for November. Shipments and unfilled orders of manufactured goods increased 0.4 percent and 0.1 percent for the month, respectively. The unfilled orders-to-shipments ratio now rests at 6.14, roughly where it has been since late 2009. Inventories were little changed, 0.0 percent, with the inventory/sales ratio, 1.27, remaining stable since late 2009.