Computers and Electronics Shipments Hit $32B in November, Highest Since 2008

Computers and Electronics Shipments Hit $32B in November, Highest Since 2008

November saw a 4.9% yearly and 0.9% monthly rise in shipments, marking 15 consecutive months of growth since pandemic-fueled demand surged 25%.

Fact Check
The assessment is based on two highly authoritative and relevant sources. The U.S. Census Bureau's 'MONTHLY FULL REPORT ON MANUFACTURERS' SHIPMENTS' is the direct primary source for the specific data point mentioned in the first part of the statement: the value of computer and electronics shipments for a given month. This source can directly confirm or deny the '$32 billion' figure for November. The second credible source, from the St. Louis Fed's FRED database, references the exact data series, 'Manufacturers' Value of Shipments: Computers and Electronic Products.' While the provided URL is for a different series, the summary's mention of the correct series is crucial. The FRED database is the standard tool for analyzing historical economic data and would be the definitive place to verify the second part of the statement—whether this value is the highest recorded since 2008. The other provided sources are completely irrelevant product pages and were disregarded. Since the claim is supported by the most appropriate and credible government data sources and there is no conflicting evidence, the statement is very likely to be true.
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Terms & Concepts
  • Year-over-Year (YoY): A comparison of a statistic for one period with the same period in the previous year, often used to measure growth trends.
  • Month-over-Month (MoM): A calculation that compares a statistic for one month to the previous month to measure short-term changes.
  • Shipments: The quantity of goods sent to buyers, often a metric used to gauge production and demand in manufacturing industries.