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ECON: Durable Goods Orders Higher Than Expected
Posted to: Micro News
Friday, December 21, 2012 8:44 AM

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- Durable Goods Orders +0.7 vs +0.2 Consensus

New orders for manufactured durable goods in November increased $1.6 billion or 0.7 percent to $220.9 billion, the U.S. Census Bureau announced today. This increase, up six of the last seven months, followed a 1.1 percent October increase. Excluding transportation, new orders increased 1.6 percent. Excluding defense, new orders increased 0.8 percent.

Machinery, up three consecutive months, had the largest increase, $1.0 billion or 3.3 percent to $32.0 billion.

Revised seasonally adjusted October figures for all manufacturing industries were: new orders, $478.9 billion (revised from $477.6 billion); shipments, $483.2 billion (revised from $482.3 billion); unfilled orders, $983.4 billion (revised from $982.9 billion); and total inventories, $615.3 billion (revised from $616.0 billion).

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