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Durable Goods Orders unchanged in November

Wednesday, Dec 23 2015
Businesses remain skittish about making big investments: Orders for durable or long-lasting U.S.-made goods such as computers and heavy machinery softened again in November. Orders for durable goods were flat last month following a 2.9% increase in October, the Commerce Department said Wednesday. Analysts were anticipating 0.6% decrease. And they would have fallen a sharp 1.5% if not for an large increase in orders from the Pentagon. In some industrial segments demand was robust. 
 Orders for new cars and trucks, for example, rose 1.5%. That increase was more than offset by a 22.2% drop in bookings for commercial jets. Omitting autos and aircraft, whose bookings are unpredictable from month to month, orders minus transportation fell 0.1% in November. A key measure of business investment, meanwhile, faltered again. Orders for so-called core capital-goods, which strip out aircraft and defense, dropped 0.4% in November after two straight gains.
 
Euro is currently being traded few points above 1.09 level, Sterling is around 1.4890 handle, while Aussie is above 0.7210 area. Later today, New Home Sales figures are scheduled for a release.
More in this category: « French Consumer Spending unexpectedly fell in November New Home Sales at three month high »

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