The Commerce Department full report on Manufacturers’ Shipments, Inventories and Orders shows new orders plunged 2.4% in November after rising 2.8% in October. Shipments, which feed into GDP estimates fell 0.1%. For the year, new orders are down 1.8%.
Looking Good
- Motor Vehicles and Parts
- Construction
- Defense
Looking Bad
- Aggregate numbers
- Computers
- Capital Goods
- Consumer goods
- Computers
The numbers (in millions) in the first three columns indicate the size and relative importance of the categories.
Mike “Mish” Shedlock
