U.S. durable-goods orders slump 2% in November
The numbers: Orders for durable goods sank 2% in November, the U.S. government said Monday. This is the biggest decline since May.
Economists had expected a strong 1% rebound in durable-goods orders in November as a result of the end of the General Motors GM, -0.03% strike. But orders were dragged down by weaker demand in the defense sector.What happened: Orders for defense aircraft and parts plummeted 72.7% in November. Stripping out defense goods, orders were up 0.8%.
Orders for total transportation equipment fell 5.9% in November. Orders for cars and parts rose 1.9%. Excluding transportation, orders were flat. Core capital goods was a bright spot, posting a second straight monthly gain, although it was a small 0.1% increase.Big picture: The outlook for manufacturing remains grim, as business sentiment is sluggish, the outlook for profits is soft, and global trade flows shrink given ongoing uncertainty.Greg Robb Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
After the Holidays, Please Take It Easy Getting Back Into Fitness — Trainers' OrdersTrainers from GoldsGym and Equinox get real about what it takes to return to fitness after the holidays 👇
Weiterlesen »
Top Dutch court orders government to take action on climate changeThe Netherlands has to slash greenhouse gas emissions by 25 percent by next year under a ruling issued Friday by the country's Supreme Court
Weiterlesen »
I've Worn Hair Extensions for 14 Years—These Are the Top 8 Brands to Shop for BundlesShop the best online hair extension brands for clip ins, wefted hair, and faux bangs.
Weiterlesen »
Why retirees should care about the downturn in the Index of Leading Economic IndicatorsThose in their 20s - 40s can be more sanguine about a bear market. Retirees don't have that luxury.
Weiterlesen »
Oil declines, but losses limited as U.S.-China near trade dealOil prices slipped on Monday, but held near recent three-month highs amid optimi...
Weiterlesen »
Top business stories for 2019: Elon Musk, Disney+, trade wars, IPOs that weren't, and privacy in perilSome of the news was grim, but economic expansion proved remarkably durable.
Weiterlesen »