US manufactured goods new orders fell -1.3% MoM (vs -1.2% MoM expected) in October, and ex-transport new orders were down -0.2% MoM. On an annual basis, new orders were up 3.3% YoY.

• Durable goods new orders were down -2.2% MoM and were slightly offset by the smaller decline of -0.4% MoM in the nondurable goods new orders.
• Computers and electronics new orders were up 1.3% MoM, but this was offset by the larger construction materials & supplies segment falling -0.3% MoM.
• Core capital goods new orders were up 0.5% MoM, building on the strong 1.0% MoM and 0.9% MoM gains in September and August.
• Total manufacturing unfilled orders increased 0.2% MoM and are up 8.0% YoY, suggesting a strong pipeline of demand for manufacturers (especially capital goods where capital goods order books were up 10.4% YoY).