US factory orders for November 1.6% versus 1.5% estimate

• US factory orders for November 2021 1.6% versus 1.0% last month revised to 1.2%
• factory orders ex transportation 1.3% versus 1.6% last month revised to 1.8%
• shipments increased 0.7% versus 2.0% in October
• unfilled orders is up 10 consecutive months after a 0.7% increase (up 0.3% in October)
• unfilled orders to shipments ratio was 6.78 up from 6.77 in October
• inventories are up 17 the last 18 months after a 0.7% increase in November. October inventories rose 0.9%
• inventory to shipments ratio was 1.46 unchanged from last month
• durable goods orders 2.6% versus 2.5% preliminary. The gain in October was at 0.1%
• durable goods ex defense 2.0% versus 2.0% preliminary
• durable goods ex transportation 0.9% versus 0.8% preliminary
• durable goods nondefense capital expenditures ex air 0.0% vs -0.1% preliminary
• durable goods shipments increased 0.7%, unchanged from the preliminary. In October the gain was 1.7%
• factory orders have been up 18 the last 19 months
• shipments have also been up 18 the last 19 months
• durable goods have been up six the last seven months

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