US durable goods orders grow at slower pace in Dec
The monthly increase was mainly driven by machinery orders, which surged by 2.4% to $33.2 billion when compared to November.
Excluding transportation, new orders increased by 0.7% and excluding defense they were up by 0.5% in December, data further showed.
Shipments of manufactured durable goods were also up by 1.4% to $253.8 billion, notching the 7th consecutive month of increase in December. Inventories of durable goods, however, edged down by 0.2% month-over-month to $425.9 billion.
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