- US: Durable Goods Orders decline by 2.1% in November vs. -0.6% expected
Market news
23 December 2022
US: Durable Goods Orders decline by 2.1% in November vs. -0.6% expected
- Durable Goods Orders in the US fell more than expected in November.
- US Dollar Index stays in daily range below 104.50 after the data.
Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This reading followed October's increase of 0.7% and came in worse than the market expectation for a decrease of 0.6%.
"Excluding transportation, new orders increased 0.2%," the publication further read. "Excluding defense, new orders decreased 2.6%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $6.1 billion or 6.3% to $91.3 billion."
Market reaction
The US Dollar Index failed to make a decisive move in either direction after this report and was last seen trading flat on the day at 104.38.
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