Increase of 0.3% on the month excluding transportation equipment
By Ruth Mantell, MarketWatch
WASHINGTON (MarketWatch) — Led higher by transportation equipment, orders for long-lasting U.S. goods rose 3.8% in November, the largest gain since July, the Commerce Department reported Friday.
Economists polled by MarketWatch had expected durable-goods orders to rise 3.6% due to aircraft, among other items. See economic calendar.
In November, transportation-equipment orders rose 14.7%, with a 73.3% gain for nondefense aircraft and parts.
Excluding transportation, durable-goods orders rose 0.3% in November. And orders for core capital goods, which exclude defense and aircraft, fell 1.2% on the month.
Shipments of durable goods fell 0.4% in November. Unfilled orders rose 1.3% in November, and inventories gained 0.6%, the government’s data showed.
In a revision of the data for October, there was no growth in durable-goods orders, compared with a prior estimate of a 0.5% decline.
Durable goods are big-ticket items such as autos, planes, appliances, furniture and computers designed to last at least three years.
