US factory orders up 2.7% in November

New orders for manufactured goods in the United States stood at $621.6 billion in November, rising 2.7% month on month, data from the US Census Bureau showed on Thursday. Shipments edged down 0.1% or $800 million compared to October, landing at $606.3 billion, while unfilled orders increased 1.4% or $20.2 billion to $1.5 trillion. Inventories amounted to $948.4 billion, going up 0.1% or $1.4 billion on a monthly basis. The inventories-to-shipments ratio stood at 1.56, remaining at the same level as in October.