- Durable Goods Orders declined sharply on a monthly basis in November.
- Durable Goods Orders excluding defense rose more than expected.
Durable Goods Orders in November decreased 2% to $242.6 billion, the advanced monthly report published by the US Census Bureau showed on Monday. This reading missed the market expectation for an increase of 1.5% by a wide margin.
“Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders increased 0.8%,” the publication further revealed. “Transportation equipment, also down two of the last three months, led the decrease, $4.9 billion or 5.9% to $79.2 billion.”
The greenback largely ignored the data and the US Dollar Index was last up 0.11% on the day at 97.79.
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