Surge in Transportation Equipment See US Durable Goods Orders Jump

US durable goods orders rose 2.5 percent in November, following after a 0.4 percent decrease in October. New orders for transportation equipment surged 6.5%, powered by a 34.1% increase in new orders for nondefense aircraft and parts.

Total durable goods orders rose 2.5% month-over-month in November (consensus +1.5%).

November Durable Goods Orders Highlights

  • US Durables Goods Orders Nov P: 2.5% (exp 1.8%; prev -0.4%)
  • US Durables Ex-Transportations Nov P: 0.8% (exp 0.6%; R prev 0.3%)
United States Durable Goods Orders
  • New orders for primary metals increased 0.3% following a 1.0% increase in October.
  • New orders for fabricated metal products jumped 0.6% following a 0.7% decline in October.
  • New orders for machinery decreased 1.0% following a 0.5% decline in October.
  • New orders for transportation equipment surged 6.5%, paced by a 34.1% increase in new orders for nondefense aircraft and parts, and a 1.0% increase in new orders for motor vehicles and parts.
  • Shipments of nondefense capital goods, excluding aircraft, increased 0.3% after increasing 0.4% in October. This component factors into GDP computations.

Source: US Census Bureau

From The TradersCommunity NewsDesk