December 13, 2022

U.S. factory orders rose +1.0% m/m in October, up +11.1% from a year ago. Note that this number is not adjusted for inflation.

US durable goods orders fell -2.1% m/m in November, up +6.7% from a year ago. Again, not adjusted for inflation, so real growth in orders is significantly smaller.

Durable goods orders excluding (typically more volatile) transportation equipment rose +0.2% m/m in November, up +3.4% from a year ago, not adjusted for inflation.

Orders for transportation equipment fell -6.3% m/m in November, which was still up +13.2% from a year ago, not adjusting for inflation.

Orders for core capital goods – often an indicator of future business investment – rose +0.2% m/m in November, up +5.7% from a year ago, not adjusting for inflation.