- Analytics
- News and Tools
- Market News
- U.S. durable goods orders rise more than expected in November
U.S. durable goods orders rise more than expected in November
The U.S.
Commerce Department reported on Wednesday that the durable goods orders increased
0.9 percent m-o-m in November, following a revised 1.8 percent m-o-m jump in October
(originally a 1.3 percent m-o-m climb).
Economists had
forecast a 0.6 percent m-o-m gain.
According to
the report, orders for durable goods excluding transportation increased 0.4
percent m-o-m in November, following a revised 1.9 percent m-o-m advance in October
(originally a gain of 1.3 percent m-o-m), slightly 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 0.4 percent m-o-m in November after
a revised 1.6 percent climb m-o-m in October (originally a 0.8 percent m-o-m
gain). Economists had called for a 0.7 percent m-o-m advance in core capital
goods orders in November.
Shipments of these core capital goods rose 0.4 percent m-o-m in November after a revised 2.6 percent m-o-m jump in the prior month (originally a 2.4 percent m-o-m surge).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
