Durable Goods Orders Dip In November

Durables orders dipped 0.7 percent in November after rising 0.3 percent in October.
Market expectations were for a 3.1 percent boost.

The core declined 0.4 percent in October after a drop of 1.0 percent in October. Analysts forecast a 1.3 percent increase for November. Transportation fell a monthly 1.2 percent after jumping a monthly 3.3 percent in October. Motor vehicles and nondefense aircraft were up but defense aircraft orders were down sizably.

Outside of transportation, weakness were mixed but mostly down. The only major industry posting a gain in the latest month was machinery. Electrical equipment was flat. Declines were seen in primary metals, fabricated metals, and "other."

Nondefense capital goods orders excluding aircraft were unchanged after falling 1.9 percent in October. However, shipments of this series rose 0.2 percent in November after dropping 0.9 percent the month before.

Overall, manufacturing appears to be softening in November with durables orders weak and consistent with most manufacturing surveys that have been released for November.

Recent History Of This Indicator:
Durable goods orders rebounded 0.3 percent in October after September's decline of 0.7 percent. The core fell 1.1 percent in October after a rise 0.3 percent the month before. Transportation increased a monthly 3.4 percent after falling a monthly 3.1 percent in September.
Numbers reflect revisions from the more recent total factory orders report.