US November factory orders -0.4% vs -0.3% expected

• Prior was +0.2%
• Factory goods orders ex transportation +0.2% vs +0.2% prior
• Durable goods orders -1.2% vs -1.1% preliminary. Last month was +0.8%
• Durable goods ex transportation -0.2% vs -0.1% preliminary. Last month +0.2%
• Durable goods ex defense -0.4% versus -0.3% prior
• Durable goods nondefense capital goods orders ex-air +0.4% versus +0.7% preliminary. Last month -0.1%

Factories have been struggling since the post-covid boom. There is some optimism about orders but it will take some time and some clarity on tariffs.