US Factory Orders MoM (Nov) M/M 2.7% vs. Exp. 1.6% (Prev. -1.3%, Low. 0.0%, High. 7.0%)

• Inventory to shipments unchanged at 1.56 months

The US Factory Orders for November rose 2.7%, significantly exceeding expectations of 1.6%, indicating robust demand conditions in the manufacturing sector. This strong print, especially following a prior decline, suggests a potential recovery in economic activity, which could influence future policy considerations and rate decisions. A steady inventory-to-shipments ratio also reflects a balanced supply chain environment, mitigating inflationary pressures in the near term.