US: Factory Orders rise 1.6% MoM in November versus 1.5% expected gain

According to US Census Bureau data, US Factory Order rose by 1.6% MoM in November. That was slightly above the expected 1.5% gain and marked an acceleration on the 1.2% MoM gain seen back in October (which was revised up from 1.0%). Excluding transportation, orders were up 0.8% on the month, though this marked a deceleration from last month's MoM growth rate of 1.5% (which was revised down from 1.6%.