Core durable goods grow slightly less than expected in November

 

• November Durable Goods: +0.9% vs. +0.6% expected and +1.8% (revised from +1.3%).
• Up for seven straight months, the headline durable goods growth rate slowed from the October increase.
• Core Durable Goods: +0.4% vs. +0.5% expected and +1.9% (revised from +1.3%).
• Shipments of manufactured goods increased $0.7B, or 0.3%, in November to $250.1B, rising in six of the last seven months. Primary metal, which rose for seven consecutive months, led the increase, up 1.8% to $19.2B.