Durable Goods Orders Jumped in November
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.…
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.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
