New Orders for Manufactured Goods Jumps by an Above-Estimate 2.5% in November

Source: Census Bureau

US orders for manufactured goods beat expected 1.6% growth, after gaining by 2.5% or $6.5 billion in November to reach $268.3 billion. The orders rose 0.1% in October. SPY is up +0.60%, DXY is down -0.03%.

• Manufactured goods shipments rose 0.7% or $1.8 billion to reach $263.6 billion, a slower gain compared to 1.7% jump in October.
• Unfilled orders rose for the tenth straight month at 0.7% or $8.9 billion to hit $1,259.9 billion. The gain is higher than October’s increase of 0.3%.
• Inventories also increased for the tenth straight month at 0.6% or $2.9 billion to reach $469.6 billion The increase was slightly below 0.7% recorded in October.
• Orders for nondefense capital goods rose $3.4 billion or 4.0% to reach $88.6 billion.