U.S. Factory Orders Bounce Back in December - Modern Distribution Management

U.S. Factory Orders Bounce Back in December

After getting back on track in December, factory orders are up four of the last five months.
US Manufacturing Technology Orders April 2022

New orders for manufactured goods totaled $552.5 billion in December 2022, up 1.8% from November 2022, according to data provided by the U.S. Census Bureau on Feb. 2.

Factory orders bounced back in December after falling 1.9% in November (revised from the initially reported 1.8% decrease). The 1.8% increase fell just short of the 2.2% rebound economists polled by Reuters had forecast for December. Orders increased 11.8% year-over-year in December.

The rebound in factory orders was led by a 16.9% hike in bookings for transportation equipment, which followed a 5.2% drop in November. Transportation equipment orders were boosted by orders for civilian aircraft, which skyrocketed 115.5% in December after falling 36.4% in November.

Source: U.S. Census Bureau

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