ECON: Factory Orders Miss Just Slightly, No Market Reaction
- Factory Orders +1.8 vs +2.2 Consensus
- December Durable Orders Revised to 4.3 from 4.6
- Market Reaction: none
New orders for manufactured goods in December, up
three of the last four months, increased $8.6 billion or
1.8 percent to $484.8 billion, the U.S. Census Bureau
reported today. This followed a 0.3 percent November
decrease. Excluding transportation, new orders
increased 0.2 percent.
Shipments, up five of the last six months, increased
$1.8 billion or 0.4 percent to $484.9 billion. This
followed a 0.3 percent November increase.
Unfilled orders, up six of the last seven months,
increased $7.9 billion or 0.8 percent to $991.7 billion.
This followed a slight November increase. The unfilled
orders-to-shipments ratio was 6.12, down from 6.13 in
Inventories, up following two consecutive monthly
decreases, increased $0.5 billion or 0.1 percent to $615.5
billion. This followed a slight November decrease. The
inventories-to-shipments ratio was 1.27, unchanged from