November 2020 Headline Manufacturing New Orders Improvement Continues
US Census says manufacturing new orders improved month-over-month with unfilled orders continuing to shrink. Our analysis shows the rolling averages improved but remain in contraction.
Analyst Opinion of Census Manufacturing Sales
According to the seasonally adjusted data, the increase was widespread.
Of course, this year-over-year contraction was caused by the coronavirus shutdown of the economy.
Market expected (from Econoday) month-over-month
growth of -2.5 % to 7.5 % (consensus +0.6 %).
Manufacturing unfilled orders were down 0.1 % month-over-month.
Econintersect Analysis:
Unadjusted manufacturing new orders (but inflation-adjusted) up 0.5 % year-over-year.
Three-month rolling new order rolling averages accelerated 2.5 % month-over-month and down 4.3 % year-over-year.
Unadjusted manufacturing unfilled orders accelerated 0.3 % month-over-month, and down 6.3 % year-over-year