Headline Number: 0.7% growth
Expectations: 0.3% growth
Analysis: Big beat for November factory orders, coming in at 0.7%. October’s orders were also revised higher to a negative 0.7%. from a negative 0.9%.
Another data point showing improvement in U.S. manufacturing and production.
Markets have been sliding lower since the open this morning, so don’t read too much into the impact of the factory orders number.
Business Insider Emails & Alerts
Site highlights each day to your inbox.