Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



New Factory Orders Hit Record High

New orders for manufactured goods in November reached their highest level ever recorded (numbers were first published in 1992), according to a Department of Commerce report [link opens in pdf] released today. Orders increased 1.8% to $498 billion for November, beating out analyst estimates of a 1.6% advance. In October, factory orders took a revised 0.5% dip.

A 21.8% jump in volatile aircraft orders drove the November gains. But orders rose in many other categories, a sign of strength at factories and confidence among companies.

Source: Department of Commerce. 

New orders for durable goods increased 3.4% for the third uptick in four months. Investors use durable goods orders as a proxy for manufacturers' longer-term confidence in the economy. New orders for manufactured nondurable goods --such as food products, clothing and paper -- increased 0.3%.

New orders wasn't the only metric to hit a new record since data were first recorded in 1992. Unfilled orders added on 1%, shipments increased 1.8%, and inventories rose 0.2% to all reach new highs.

The inventories-to-shipments ratio, a statistic used to measure the sustainable flow of goods, dropped 0.01 points from October to 1.28 in November.

-- Material from The Associated Press was used in this report.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2784257, ~/Articles/ArticleHandler.aspx, 9/4/2015 3:02:21 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Justin Loiseau

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

Today's Market

updated Moments ago Sponsored by:
DOW 16,060.19 -314.57 -1.92%
S&P 500 1,917.50 -33.63 -1.72%
NASD 4,668.45 -65.05 -1.37%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes