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- U.S. durable goods orders slide 5.1% in December
U.S. durable goods orders slide 5.1% in December
The U.S. Commerce Department released durable goods orders data on Thursday. The U.S. durable goods orders plunged 5.1% in December, missing expectations for a 0.6% fall, after a 0.5% drop in November. November's figure was revised down from a flat reading.
The decline was mainly driven by a weak demand for transportation equipment, which fell by 12.4% in December.
The U.S. durable goods orders excluding transportation dropped 1.2% in December, missing expectations for a 0.1% decrease, after a 0.5% decline in November. November's figure was revised down from a 0.1% drop.
The U.S. durable goods orders excluding defence slid 2.9 % in December, after a 2.0% decline in November. November's figure was revised down from a 1.5% decrease.
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