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US durable goods orders unexpectedly decline in Nov

by ChemOrbis Editorial Team -
  • 24/12/2014 (17:07)
According to a report released by the US Commerce Department, orders for durable goods in the country unexpectedly declined in November due to lower orders for transportation equipment as well as defense aircraft and parts. Economists’ initial estimates called for a 3.0% gain in November.

US orders for durable goods declined 0.7% in November following a 0.3% increase reported in October. Orders for transportation equipment declined 1.2% in November after an increase of 3.3% posted in October while orders for defense aircraft and parts were down 7.8% after reporting a 43.5% gain in October.

Meanwhile, the Commerce Department also reported that the country’s durable goods orders excluding orders for defense-related items decreased 0.1% in November.
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