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Financial News: U.S. Durable Goods Orders Unexpectedly Unchanged In Decemb

U.S. Durable Goods Orders Unexpectedly Unchanged In December

01/25/2024 - 08:36:00 (RTTNews)

(RTTNews) - New orders for U.S. manufactured durable goods unexpectedly came in unchanged in the month of December, according to a report released by the Commerce Department on Thursday.

The report said durable goods orders were virtually unchanged in December after surging by an upwardly revised 5.5 percent in November.

Economists had expected durable goods orders to jump by 1.1 percent compared to the 5.4 percent spike that had been reported for the previous month.

Excluding orders for transportation equipment, durable goods orders increased by 0.6 percent in December after climbing by 0.5 percent in November. Ex-transportation orders were expected to inch up by 0.2 percent.

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