Nov. factory orders fall, despite expected rise
New orders for manufactured goods decreased 0.6% in November, after dropping an unrevised 2.1% in October, the Commerce Department reported Monday.
The report was delayed by the partial government shutdown.
Economists polled by IFR Markets expected orders to be up 0.2%.
Excluding transportation, new orders fell 1.3%, after a 0.2% gain the previous month. Excluding defense, orders were 1.1% lower after a 0.6% decrease in October.
Durable goods orders were 0.7% higher in November after a 4.3% drop in October, while nondurable goods orders declined 1.9% in November after a 0.1% rise in October.