New orders for durable goods like airplanes and refrigerators rose 3.8% in November according to the monthly report from the US Department of Commerce. The largest rise came in transportation equipment, where new orders rose by 14.7% to $54.4 billion.
Shipments of manufactured goods fell 0.4% in November, following a decline of 1.5% in October. Inventories of manufactured goods rose by 0.6% to $368.8 billion, the highest dollar level since 1992.
Unfilled orders for durable goods rose 1.3% to $898.1 billion. Unfilled orders have risen in 19 of the past 20 months.
Excluding defense, new orders for capital goods like farm machinery and oil field equipment rose 8.1% in November to $78.7 billion. Inventories were up 0.9% to $169.5 billion.
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
