MW: Durable-goods orders unexpectedly slump 0.7% in November
WASHINGTON (MarketWatch) - 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.
