–November Durables Goods New Orders Revised Down To +3.7% (Prev +3.8%)
By Kevin Kastner
WASHINGTON (MNI) – The value of new factory orders rose 1.8% in
November, a smaller-than-expected rise due to a downward revision to the
jump in durable goods orders and a smaller nondurables orders rebound
than some expected, data released by the Commerce Department Wednesday
morning showed.
Analysts in a Market News International survey had expected factory
new orders to rise 2.0% in November.
Durable goods orders were revised down to a still strong 3.7% jump
in the month from the original 3.8% rise reported earlier, while
nondurable goods orders rose a modest 0.3% after a 0.3% October decline.
Petroleum and coal products shipments, which are equivalent to new
orders in this data, rose 0.8% in November.
Transportation orders jumped 14.7% in the current report, the same
percent change as in the preliminary durables report.
Total factory orders excluding transportation rose 0.3%, as the
other durables components were mixed.
Overall factory shipments were flat in November. Nondefense capital
goods shipments fell 2.1%, but were down only 0.8% when aircraft
shipments were excluded.
Factory inventories rose 0.5% in November, while unfilled orders
jumped 1.3%.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,MT$$$$,M$U$$$,MAUDR$]
