ABD Factory Orders Exceeded Expectations in November

Significant Increase in Factory Orders in the US

The US Department of Commerce announced the factory order data for November 2022. According to the data, factory orders in the US rose by 2.7% in November, reaching $621.6 billion. This result exceeded market forecasts, as analysts had predicted a 1.6% increase in orders.

Stunning Rise in Durable Goods Orders

During the same period, durable goods orders also increased by 5.3%, reaching $323.8 billion. This increase was significantly influenced by the nearly doubling of orders for non-defense aircraft and aircraft parts. Orders for transportation equipment recorded a 14.7% increase.

Impact on Markets

This positive outlook in factory orders has created a general sense of optimism in the markets, prompting investors and analysts to focus their attention on the US economy. Companies and sectors may reshape their strategies in light of this data.