Factory Orders Rose 1.6% in November

Washington, DC, January 6, 2022--New orders for manufactured goods in November, up eighteen of the last nineteen months, increased $8.4 billion or 1.6% to $531.8 billion, the U.S. Census Bureau reported. This followed a 1.2% October increase.

Shipments, also up eighteen of the last nineteen months, increased $3.5 billion or 0.7% to $527.0 billion. This followed a 2.0% October increase.

Unfilled orders, up ten consecutive months, increased $9.1 billion or 0.7% to $1,260.1 billion. This followed a 0.3% October increase. The unfilled orders-to-shipments ratio was 6.78, up from 6.77 in October.

Inventories, up seventeen of the last eighteen months, increased $5.3 billion or 0.7% to $770.0 billion. This followed a 0.9% October increase. The inventories-to-shipments ratio was 1.46, unchanged from October.