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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. 

Canada: Retail sales increased 0.3% to $51.0 billion in October

"Retail sales increased 0.3% to $51.0 billion in October," Statistics Canada announced on Friday. Key takeaways from the press release Higher sale
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EUR/USD sticks to daily losses, just above 1.1400 handle post-US macro data

   •  US Q3 GDP growth revised down to an annualized pace of 3.4%.    •  Durable goods orders also fall short of consensus estimates.     •  Softer
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