US durable goods orders unexpectedly decline in Nov
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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