US Factroy Orders Surged In November (Before Omicron Hit)

US Factory Orders were expected to accelerate +1.5% MoM in November, up from +1.0% MoM in October.

In fact orders accelerated even faster, rising 1.6% MoM – the biggest rise since May 2021…

Source: Bloomberg

That is the 7th straight monthly rise in orders and remains up 15.5% YoY.

Bear in mind that this data is from before Omicron’s impact hit (which we just saw crush ISM Services).