US factory orders up for 7th straight month in Nov
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from the US Census Bureau, new orders for manufactured durable goods rose by 1% month-over-month to $487.2 million in November, marking the 7th consecutive month of increases.
Transportation equipment led the increase with a monthly gain of 2.1% while orders for nondurable goods saw a smaller increase of 1.1% in November.
Shipments of manufactured durable goods were also up by 0.3% to $422.8 billion in November. Data further showed that inventories of the manufactured goods increased by 0.9% to $426.5 billion in the same month following a 0.3% increase in October.
Transportation equipment led the increase with a monthly gain of 2.1% while orders for nondurable goods saw a smaller increase of 1.1% in November.
Shipments of manufactured durable goods were also up by 0.3% to $422.8 billion in November. Data further showed that inventories of the manufactured goods increased by 0.9% to $426.5 billion in the same month following a 0.3% increase in October.
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