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US Core Durable Goods Orders Rise For 8th Straight Month
US Durable Goods Orders soared 5.3% MoM in (admittedly very lagged due to the shutdown) preliminary November data (significantly exceeding the 4.0% MoM expected and a major rebound from October's 2.1% MoM decline), boosted by bookings for commercial aircraft and other capital equipment. That big jump (the biggest in six months) pushed durable goods orders up 10.5% YoY - the 3rd biggest increase since June 2022. Under the hood, non-defense aircraft spend soared, defense spending dipped and motor vehicle orders were flatish... chart Meanwhile, Core Orders (ex Transportation) rose 0.5% MoM (also better than ... (full story)
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