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- US Durable Goods Orders rise 5.4% in November vs 2.2% expected
US Durable Goods Orders rise 5.4% in November vs 2.2% expected
- Durable Goods Orders in the US rebounded sharply in November after a 5.1% decline in October.
- The US Dollar rose modestly after the report and following Core PCE data.
Durable Goods Orders in the United States rose by 5.4% in November to $295.4 billion, the US Census Bureau announced on Friday. This followed a 5.1% decline (revised from 5.4%) recorded in October and came in better than the market expectation for an increase of 2.2%.
Excluding transportation, new orders increased 0.5% against the 0.1% expected. Excluding defense, rose by 6.5%.
Market reaction
The US Dollar rose after the release of US economic data, which included the Core Personal Consumption Expenditure (Core PCE). The US Dollar Index (DXY) trimmed daily losses and rose from 101.55 to levels above 101.70.
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