Dec 21, 2018
US: Durable goods orders increased 0.8% in November vs 1.6% expected
"New orders for manufactured durable goods in November increased $1.9 billion or 0.8 percent to $250.8 billion," the U.S. Census Bureau reported on Friday.
Key takeaways from the press release
- This increase, up following two consecutive monthly decreases, followed a 4.3 percent October decrease.
- Excluding transportation, new orders decreased 0.3 percent.
- Excluding defense, new orders decreased 0.1 percent.
- Shipments of manufactured durable goods in November, up three of the last four months, increased $1.8 billion or 0.7 percent to $256.7 billion.