U.S. Durable Goods Orders Tumble Amid Sharp Pullback In Transportation Orders

RTTNews | 861天前
U.S. Durable Goods Orders Tumble Amid Sharp Pullback In Transportation Orders

(RTTNews) - Reflecting a sharp pullback in orders for transportation equipment, the Commerce Department released a report on Friday showing U.S. durable goods orders tumbled by much more than expected in the month of November.

The report said durable goods orders plunged by 2.1 percent in November after climbing by a downwardly revised 0.7 percent in October.

Economists had expected durable goods orders to decrease by 0.6 percent compared to the 1.1 percent jump that had been reported for the previous month.

The much steeper than expected drop by durable goods orders came as orders for transportation equipment dove by 6.3 percent in November after jumping by 1.9 percent in October.

Orders for non-defense aircraft and parts led the way lower, plummeting by 36.4 percent in November after soaring by 4.7 percent in October.

Excluding the pullback in orders for transportation equipment, durable goods orders edged up by 0.2 percent in November after inching up by 0.1 percent in October. Ex-transportation orders were expected to be unchanged.

The uptick in ex-transportation orders partly reflected increases in orders for computers and electronic products and machinery.

The report also showed orders for non-defense capital goods excluding aircraft, a key indicator of business spending, crept up by 0.2 percent in November after rising by 0.3 percent in October,

Meanwhile, shipments in the same category, which is the source data for equipment investment in GDP, edged down by 0.1 percent in November after surging by 1.4 percent in October.

"Business equipment investment was probably supported again this quarter from a further recovery in transport, as autos shortages eased," said Andrew Hunter, Senior U.S. Economist at Capital Economics.

He added, "But we expect it to weaken more markedly next year as the full impact of the Fed's aggressive tightening this year feeds through."

read more
U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 10小時40分鐘前
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | 11小時34分鐘前
U.S. Construction Spending Unexpectedly Falls 0.5% In March

U.S. Construction Spending Unexpectedly Falls 0.5% In March

Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
RTTNews | 1天前
U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
RTTNews | 1天前
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
RTTNews | 1天前
U.S. Pending Home Sales Unexpectedly Spike 6.1% March

U.S. Pending Home Sales Unexpectedly Spike 6.1% March

Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
RTTNews | 2天前