Market Updates
Transportation Impacted Durable Goods Orders and Shipments In November
Brian Turner
23 Dec, 2022
New York City
Durable goods orders fell in November after rising for three months in a row, the U.S. Census Bureau reported Friday.
New orders rose 0.7% in October.
The weakness in transportation orders dragged the overall orders in the month.
Excluding transportation, new orders increased 0.2% and excluding defense, new orders decreased 2.6%.
Durable goods Shipments increased in the month and advanced eighteen of the last nineteen months after transportation equipment increased 0.8%.
Shipments increased 0.2% to $275.9 billion following a 0.4% increase in October.
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