November Factory Orders Rise 0.7% Beating Expectations

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.

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