New orders for manufactured goods made in the US fell 0.6 percent month-over-month in November of 2018, following a 2.1 percent drop in October and compared to expectations of a 0.2 percent rise. Orders went down mainly for machinery (-1.7 percent compared to +0.2 percent in October), namely industrial machinery (-7.3 percent compared to -3.6 percent); computers and electronics products (-0.3 percent compared to 2.9 percent); and electrical equipment (-1.1 percent compared to 1 percent). On the other hand, manufactured orders increased for transport equipment (3 percent compared to -12.4 percent), namely motor vehicles and trailers (0.5 percent compared to -0.1 percent) and fabricated metal products (0.9 percent compared to 1.5 percent). Excluding transportation, factory orders declined 1.3 percent. Factory Orders in the United States averaged 0.28 percent from 1991 until 2018, reaching an all time high of 10.60 percent in July of 2014 and a record low of -10 percent in August of 2014.
Factory Orders in the United States is expected to be -0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in the United States to stand at 1.50 in 12 months time. In the long-term, the United States Factory Orders is projected to trend around 2.60 percent in 2020, according to our econometric models.