US durable goods orders remain stable in November
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from the US Commerce Department, durable goods orders tracked a mostly stable trend in November after increasing 2.9% in October. Economists’ initial estimates called for a decrease of 0.6% in a survey by the Wall Street Journal. Meanwhile, the Commerce Department also reported that US durable goods orders declined 3.7% in the first eleven months of this year compared with the same period of 2014.
Data showed that orders for defense capital goods surged 44.4% in November including a 46.9% gain in orders for defense aircraft and parts. Excluding defense, orders for durable goods fell 1.5% in November following an increase of 3.0% in October. Durable-goods orders excluding transportation, meanwhile, fell 0.1% on the month in November after rising 0.5% in October.
US manufacturing activities have been dragged down by lower oil and gas prices, weak global demand and a strong dollar, which reduces demand for US exports and enhances the competitiveness of imported goods.
Data showed that orders for defense capital goods surged 44.4% in November including a 46.9% gain in orders for defense aircraft and parts. Excluding defense, orders for durable goods fell 1.5% in November following an increase of 3.0% in October. Durable-goods orders excluding transportation, meanwhile, fell 0.1% on the month in November after rising 0.5% in October.
US manufacturing activities have been dragged down by lower oil and gas prices, weak global demand and a strong dollar, which reduces demand for US exports and enhances the competitiveness of imported goods.
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