US Factory Orders Grew by 1.6% in November

Source: US Census Bureau.

New orders for manufactured goods in November increased by $8.4 billion to $531.8 billion. DXY down, -0.02%, EUR USD up +0.01%

• The increase follows a 1.2% October gain and the 18^th rise in the last 19 months when the orders fell slightly last April.
• New orders for manufactured nondurable goods increased by 0.7% to reach $263.4 billion.
• Shipments also increased as unfilled orders rose for the 10^th consecutive month, signaling that high demand and shortages of materials and workers might be slowing down production.
• The unfilled orders-to-shipments ratio was 6.78, an increase from 6.77% in October.
• Inventories increased by 0.7% ($5.3 billion) to $770.0 billion, a 17^th monthly rise in the last 18 months. This figure follows a 0.9% increase in October.
• Finished goods increased by 0.2% in durable goods and 0.7% in non-durable goods.
• The inventories-to-shipments ratios remained unchanged at 1.46 in November.