FX.co ★ U.S. Durable Goods Orders Unexpectedly Unchanged In December

The US Department of Commerce reported that there was no change in December for new orders for U.S. manufactured durable goods. This came as a surprise as these orders are expectedly consistent.

In the report, it was indicated that orders for durable goods remained the same in December, following an upwardly revised surge of 5.5% in November. Economists had anticipated a 1.1% increase in durable goods orders in comparison to the November spike, which had been reported at 5.4%.

If you exclude orders for transportation equipment, you'd note that orders for durable goods in December increased by 0.6%, following the 0.5% rise in November. An increase of 0.2% was the expectation for ex-transportation orders.