US witnessed a higher-than-expected increase for factory orders

USA Department of Trade published the factory order data for November 2023.

Accordingly, orders from factories in the country increased by 2.6 percent in November last year compared to the previous month.

Factory orders, which rose above market expectations, were estimated to increase by 2.1 percent in this period. Recorded the largest monthly increase since January 2021, factory orders fell 3.4 percent in October last year.

In the period mentioned, durable orders increased by 5.4 percent, while orders for non-durable orders remained unchanged.

Factory orders are important in terms of enlightening the performance of the industrial sector, which has an important place in the US economy, in the near future.