Executive Briefings

U.S. Factory Orders Saw Their Biggest Decline In Months

New orders for U.S. manufactured goods fell in November on a sharp decline in aircraft sales, ending a four-month streak of increases, the Commerce Department reported last week.

U.S. Factory Orders Saw Their Biggest Decline in Months

Orders saw their biggest monthly decline since December 2015, falling 2.4 percent to $458.3bn and reversing much of the 2.8-percent gain recorded the prior month.

While the decline was expected, it was bigger than the analyst consensus which called for a decline of only 2.1 percent.

Durable goods orders did an about-face, falling 4.5 percent to $228.8bn after posting a 5-percent gain in October.

Civilian aircraft and parts tumbled 73.8 percent to $5.7bn, dragging down the transportation sector as a whole, which fell 13.2 percent.

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Orders saw their biggest monthly decline since December 2015, falling 2.4 percent to $458.3bn and reversing much of the 2.8-percent gain recorded the prior month.

While the decline was expected, it was bigger than the analyst consensus which called for a decline of only 2.1 percent.

Durable goods orders did an about-face, falling 4.5 percent to $228.8bn after posting a 5-percent gain in October.

Civilian aircraft and parts tumbled 73.8 percent to $5.7bn, dragging down the transportation sector as a whole, which fell 13.2 percent.

Read Full Article

U.S. Factory Orders Saw Their Biggest Decline in Months