“New orders for manufactured goods in November, down two consecutive months, decreased $3.1 billion or 0.6 percent to $499.2 billion,” the U.S. Census Bureau announced on Monday.
Key takeaways from the press release
- This followed a 2.1 percent October decrease.
- Shipments, down two consecutive months, decreased $3.2 billion or 0.6 percent to $505.1 billion.
- Inventories, down following twenty”four consecutive monthly increases, decreased $1.0 billion or 0.1 percent to $681.1 billion.
- New orders for manufactured durable goods in November, up following two consecutive monthly decreases, increased $1.8 billion or 0.7 percent to $250.8 billion, down from the previously published 0.8 percent increase.
- New orders for manufactured nondurable goods decreased $4.9 billion or 1.9 percent to $248.4 billion.
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