This was published earlier:
- The previous rate was +0.8%
- Non-defence capital goods command ex-air +0.7% vs -0.1% previously
- Old transport -0.1% vs +0.3%
The number of underlying orders is the important one and showed a good rebound in November. The problem I see is that the stocks of industrial companies have been falling recently. This is Nucor, the largest steel producer in the United States. You'd think there would be a Trump bump because he's more likely to add taxes but it's been straight downhill after the post-election gap.
Nucor every day
Shares are at their lowest level in more than 2 years.
