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Factory Orders Plunge 2.4% Taking Away Most of Last Month’s Rise

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Courtesy of Mish.

The Commerce Department full report on Manufacturers’ Shipments, Inventories and Orders shows new orders plunged 2.4% in November after rising 2.8% in October. Shipments, which feed into GDP estimates fell 0.1%. For the year, new orders are down 1.8%.

factory-orders-2017-01-06

Looking Good

  • Motor Vehicles and Parts
  • Construction
  • Defense

Looking Bad

  • Aggregate numbers
  • Computers
  • Capital Goods
  • Consumer goods
  • Computers

The numbers (in millions) in the first three columns indicate the size and relative importance of the categories.

Mike “Mish” Shedlock


Original article here.

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