New factory orders for manufactured goods surged 1.5% in November, the Commerce Department said yesterday. The factory order increase, a $6.181 billion rise to $430.3 billion, outpaced the 0.5% increase projected by IFR Markets and came after a revised 0.7% increase to $424.1 billion in October, originally reported as a 0.5% increase to $423.5 billion. Excluding transportation, the level of all new manufacturing orders rose 1.4% to about $367.0 billion in November, following a 0.7% rise in October to $361.7 billion. The increase compared to a 0.6% increase projected by IFR Markets. Excluding defense, new orders rose 2.1% to $422.8 billion, following a 0.7% increase to $413.9 billion in October. New orders for durable goods slid 0.1% to $214.0 billion in November, while orders for non-durable goods rose 3.0% to $216.3 billion in the month. Inventories increased 0.8% to $524.4 billion, while the inventory to shipment ratio fell to 1.22 in November from 1.23 in October.
-
The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion
2h ago -
High-yield muni issuance totals $20 billion year-to-date, "reflecting normalization from relatively depressed levels in 2023 ($7.6 billion over the comparable period), and now virtually equal to the trailing five-year average for the period ($20.1 billion)," said J.P. Morgan strategists, led by Peter DeGroot.
2h ago -
Mayor Eric Adams was indicted on federal bribery, campaign finance and conspiracy charges, the U.S. Attorney's Office announced Thursday.
2h ago -
The privately placed taxable bonds to be issued through Bernalillo County will help finance a manufacturing facility for Ebon Solar.
5h ago -
"The market is strong right now, and we expect that to continue into next year," Loop's head of public finance Bo Daniels said.
5h ago -
The continuing resolution to keep the government funded was passed without the inclusion of controversial legislation requiring proof of citizenship in order to vote.
5h ago