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“Core” durable goods flat in November

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“Core” durable goods flat in November

Results seem at odds with other economic indicators.

New orders for manufactured durable goods decreased 0.7% in November, the U.S. Census Bureau announced today. This decrease followed a 0.3% decrease in October.

Excluding transportation, new orders were unchanged, following a (revised) decrease of 1.9% in October.  Analysts had expected these “core” durable goods to increase by 1.5%.

The less-than-stellar core durable goods results are surprising, given the relatively good news in other parts of the economy.  Retail sales, production and employment indicators have all been positive, suggesting an economy growing at a fast pace. 

For the full report, click here.

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