US Factory Orders Fall

Factory orders fell by 0.7% in November.

Economists were expecting a 0.5% decline.

This is the fourth consecutive month of declines.

“New orders for manufactured durable goods in November, down three of the last four months, decreased $US2.3 billion or 0.9 per cent to $US241.6 billion, revised from the previously published 0.7 per cent decrease,” the Census reported. “This followed a 0.3 per cent October increase.

Transportation equipment, also down three of the last four months, led the decrease, $US1.0 billion or 1.3 per cent to $US75.5 billion.”

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.