The U.S. Commerce Department reported that the value of new factory orders decreased 0.6 percent m-o-m in November, following an unrevised 2.1 percent m-o-m drop in October.

Economists had forecast a 0.2 percent m-o-m advance.

The release of the report was delayed by 28 days due to the U.S. government shutdown.

According to the report, orders for durable goods rose by 0.7 percent m-o-m in November, driven by a gain in orders for transportation equipment (+3.0 percent m-o-m). Meanwhile, orders for non-durable goods decreased by 1.9 percent m-o-m.

Total factory orders excluding transportation, a volatile part of the overall reading, fell 1.3 percent m-o-m in November (compared to a downwardly revised 0.2 percent m-o-m gain in October), while orders for nondefense capital goods excluding aircraft, a measure of business spending plans, fell 0.6 percent m-o-m (compared to a 0.5 percent m-o-m raise in October).

The report also showed that shipments of core capital goods decreased 0.2 percent m-o-m in November, after increasing 0.8 percent m-o-m in October.

In y-o-y terms, factory orders grew 7.9 percent in November.