According to Thomson Reuters survey of economists on average expected November factory orders to fall 0.1% qoq. Over the past 5 months, 4 months, factory orders to achieve chain growth. Orders report released today further evidence that the U.S. economy has entered a sustainable recovery path.
In the U.S. economy out of the most serious crisis since the 1930s to achieve early recovery, the manufacturing sector is to promote the economic recession one of the most important driving force, although recent U.S. companies have begun to slow down the pace of inventory rebuilding, but the overall manufacturing sector has maintained growth momentum .
Institute for Supply Management on Monday (ISM) announced that December's U.S. manufacturing activity index hit a seven month high, helped by strong new orders and output growth.
Today the Commerce Department report also showed that in November, excluding transportation products, factory orders rose 2.4% qoq, the increase since the March 2010 record high. Prior to October of this order the chain by only 0.1%.
November U.S. manufacturing unfilled orders rose 0.6% qoq, after 10-month increase of 0.7%. November U.S. manufacturing shipments increased 0.8%, to achieve chain rose for three consecutive months, 11 months of manufacturing inventories increased 0.8%, after 10-month increase of 1.1%.
Commerce Department also lowered the November durable goods orders drop, revised decline of 0.3% was significantly lower than the previously reported 1.3%. Excluding transportation goods, durable goods orders in November rose 3.6% qoq, significantly more than the Commerce Department previously reported 2.4%.
November excluding aircraft, orders for nondefense capital equipment (the order is considered an important measure of business confidence index) increased 2.6% qoq, after the October decline in the order of 3.2%.