• Important slowdown of US durable goods orders in November

Market news

22 December 2016

Important slowdown of US durable goods orders in November

New orders for manufactured durable goods in November decreased $11.0 billion or 4.6 percent to $228.2 billion, the U.S. Census Bureau announced today. This decrease, down following four consecutive monthly increases, followed a 4.8 percent October increase. Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders decreased 6.6 percent. Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $11.7 billion or 13.2 percent to $76.6 billion.

Nondefense new orders for capital goods in November decreased $15.6 billion or 19.5 percent to $64.4 billion. Shipments decreased $0.9 billion or 1.2 percent to $70.3 billion. Unfilled orders decreased $5.9 billion or 0.8 percent to $697.1 billion. Inventories increased $0.5 billion or 0.3 percent to $170.1 billion.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.