After reporting a notable decrease in new orders for U.S. manufactured goods in the previous month, the Commerce Department release a report on Thursday showing factory orders rebounded by much more than anticipated in the month of November.
The Commerce Department said factory orders surged by 2.7 percent in November after tumbling by a revised 1.2 percent in October.
Economists had expected factory orders to jump by 1.6 percent compared to the 1.3 percent slump originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.