New orders for US manufactured durable goods grew 1.3 percent month-over-month in November pf 2017, following an upwardly revised 0.4 percent decline in October and below market expectations of a 2 percent gain.
Transportation equipment, up three of the last four months, drove the increase, $3.3 billion or 4.2 percent to $80.9 billion as bookings for commercial and military aircraft rebounded.
Excluding transportation, new orders decreased 0.1 percent, the first drop since May, versus 1.3 percent gain in October.
Excluding defense, new orders increased 1.0 percent compared to 0.8 percent decline in the previous month.
Orders for motor vehicles and parts rose 1.4 percent after growing 1.6 percent in the previous month.
Shipments of non-military capital goods excluding aircraft, which are used to calculate gross domestic product, increased 0.3 percent after rising a revised 1.3 percent in October.
12/22/2017 1:42:39 PM