US: Factory orders decline 0.6% in November vs +0.2% expected

"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.