Economy
December 23, 2014
Durable Goods Takes Unexpected Drop
Written by Sandy Williams
Durable goods orders took an unexpected decline in November, falling 0.7 percent to $242.3 billion, according to data released by the Department of Commerce. The headline figure widely missed Bloomberg’s consensus of a 3.0 gain for the month. Defense orders dropped 8.1 percent, leading November’s decline after gaining 10 percent in October. Excluding transportation, new orders decreased 0.4 percent. Overall shipments decreased 0.4 percent, and capital goods shipments also fell 0.4 percent. Unfilled orders increased 0.4 percent, and inventories rose 0.4 percent in November 2014.
The full release by the US Census Buearu follows:
