Widget Image
Follow PPD Social Media
Monday, July 22, 2024
HomeNewsEconomyDurable Goods Orders Decline 4.6% in November

Durable Goods Orders Decline 4.6% in November


American workers at a manufacturing plant for long-lasting durable goods. (PHOTO: REUTERS)

The Commerce Department reported Thursday U.S. durable goods orders fell 4.6% in November from the prior month to a seasonally adjusted $228.17 billion, slightly less than the median estimate of 4.7%. The decline was largely fueled by aircraft orders tanking from a month earlier.

The highly volatile civilian aircraft order component plummeted 73.5% from the prior month. Overall, orders for transportation equipment tanked 13.2%, the largest drop in more than two years.

The rest of the manufacturing report was mixed. Excluding the transportation component and orders for U.S. durable goods increased 0.5%, slightly topping the estimate for 0.2%. When excluding defense, another volatile component, durable goods orders fell 6.6%.

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial