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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

Steven hansenUs census bureauCensus manufacturingFederal reserves industrial productionAdjusted manufacturing valueNew ordersUnfilled ordersYear change manufacturing new ordersInflation adjustedUnadjusted year over changeIndustrial productionInflation adjusted manufacturers shipmentsSeasonally adjustedYear over changeCurrent valueGreat recession