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

By: Mike Shedlock | Fri, Jan 6, 2017
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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%.

Value of Manufacturers' Shipments


Looking Good


Looking Bad

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

 


 

Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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