Recent Posts

Drudge Report Alternate News Sites

Drudge Report Alternate News Sites

HomeSummarized NewsU.S. factory orders beat expectations in November

U.S. factory orders beat expectations in November

  • New orders for U.S.-made goods increased more than expected in November
  • The Commerce Department said on Wednesday that factory orders rose 1.0% after increasing 1.3% in October.
  • Economists polled by Reuters had forecast factory orders increasing 0.7% in November. Orders fell 7.3% year-on-year.
  • The Commerce Department also reported that orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans on equipment, advanced 0.5% in November instead of 0.4% as reported last month.
  • Shipments of core capital goods rose 0.5%. They were previously reported to have increased 0.4%.
  • The economy grew at a 33.4% rate in the July-September quarter after contracting at a 31.4% pace in the second quarter, the deepest since the government started keeping records in 1947.

Read the FULL article over at Whatfinger by clicking here


No comments

Sorry, the comment form is closed at this time.