Reply To: Traders Market Weekly: Treasury Debt and Central Bank Balancing Act


Factory orders fell 3.6% month-over-month in October (consensus 2.6% after increasing a downwardly revised 2.3% (from 2.8%) in September.
Excluding transportation, factory orders fell 1.2% after increasing a downwardly revised 0.4% (from 0.8%) in September.
Shipments of manufactured goods were down 1.4% after a revised unchanged reading (from 0.4%) in September.

The key takeaway from the report is that the October decrease was the largest month-over-month contraction since April 2020, when factory orders plunged 13.5% as coronavirus-related lockdowns spread. The October report also featured a downward revision to September figures, including orders for nondefense capital goods excluding aircraft, indicating that business spending in September was weaker than originally estimated.