Durable-goods Orders Unexpectedly Slump 0.7% In November

MarketWatch Pulse

Orders for durable U.S. goods fall 0.7% in Novembers as an expected boost from orders for Boeing aircraft failed to materialize, the government said Tuesday. Economists surveyed by MarketWatch had expected durable-goods orders to rise 3.3%.This is the third decline in durable orders in the past four months. Orders in the volatile transportation equipment sector were down 1.2%, with a small 0.6% gain in civilian aircraft offset by weaker defense goods. Orders for core capital goods - a measure of business investment - were flat in November after two large declines. Shipments of core capital goods, a category used to calculate quarterly economic growth, rose 0.2% in November.

Copyright © 2014 MarketWatch, Inc.

Continue Reading Below