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US durable goods orders up 1.3% in November

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US durable goods orders up 1.3% in November

New orders for durable goods in the U.S. increased 1.3% to $241.4 billion in November, following a downwardly revised 0.4% decline in October, the U.S Census Bureau said.

Transportation equipment, with an increase of 4.2% to $80.9 billion, helped fuel the gain amid a 0.1% decline in new orders for other categories.

Shipment for durable goods rose up 1% to $244.5 billion in November, following a 0.5% gain a month earlier. Unfilled orders also increased 0.1% to $1.14 trillion, the bureau said.

Inventories of manufactured durable goods inched up 0.2% to $405.2 billion in November after a 0.2% increase in the previous month.

Nondefense new orders for capital goods rose 2.6% to $75.4 billion.