Free Trial

Nov durable goods new orders +0.8% vs flat..>

US DATA
US DATA: Nov durable goods new orders +0.8% vs flat exp, led by +2.9% 
in transport, contrary to expectations for a decline. Oct unrev -4.3%.
- Durable goods ex-trans orders -0.3%, well below the +0.4% expected after 
rev up +0.4% in Oct (prev +0.2%), with declines in machinery, electrical 
equipment and the "all other durable goods" categories the key factors.
- The data still suggest another soft reading for nonresidential fixed 
investment in Q4 GDP.                                   
- Within transport, nondefense aircraft orders +6.7% after -28.7% in    
Oct, while defense aircraft orders +31.5% and the unlisted transport 
components +3.7%, according to an MNI calc. Mtr vehicle orders -0.2%.
- Nondefense capital goods new orders +0.7%, but -0.6% ex. aircraft.     
- Durable shipments +0.7%. Nondef cap gds shipments +2.4%, but -0.1% ex.
air. Durable inventories +0.3%, unfilled orders -0.1%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.