The U.S. Commerce Department reported on Wednesday that the durable goods orders rose 0.2 percent m-o-m in December, following a revised 1.2 percent m-o-m climb in November (originally a 0.9 percent m-o-m advance).

Economists had forecast a 0.9 percent m-o-m gain.

According to the report, orders for durable goods excluding transportation increased 0.7 percent m-o-m in December, following a revised 0.8 percent m-o-m advance in November (originally a 0.4 percent m-o-m gain), also missing economists’ forecast of 0.5 percent m-o-m rise.

Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.6 percent m-o-m in December after a revised 1.0 percent jump m-o-m in November (originally a 0.5 percent m-o-m gain). Economists had called for a 0.6 percent m-o-m advance in core capital goods orders in December.

Shipments of these core capital goods went up 0.5 percent m-o-m in December after a revised 0.5 percent m-o-m jump in the prior month (originally a 0.4 percent m-o-m advance).