• U.S. factory orders dropped 0.7% in November

Market news

6 January 2015

U.S. factory orders dropped 0.7% in November

The U.S. Commerce Department released factory orders data on Tuesday. Factory orders in the U.S. dropped 0.7% in November, missing expectations for a 0.3% decrease, after a 0.7% decline in October. That was the fourth straight decline.

The decline was driven by weaker demand for primary metals, industrial machinery and military aircraft.

Manufacturing in the U.S. is cooling due to a slow economic growth in China and the Eurozone. A recession in Japan also weighed on manufacturing in the U.S.

Factory orders excluding transportation fell 0.6% in November.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.