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US durable goods orders rise in November

US durable goods orders rise in November

Mubasher: Demand for the US manufactured durable goods rose in November, according to official data released on Friday.

Orders fell 0.8% to $250.8 billion last November, following two monthly declines, according to the US Census Bureau.

Excluding transportation, new orders for core durable goods declined by 0.3% last month, whereas they went down 0.1%, when stripping out defence orders.

Shipments of manufactured durable goods went up 0.7% or $1.8 billion to $256.7 billion last month.

During November, unfilled orders for durable goods edged down 0.1% to 1.181 trillion, the data showed.

By 1:34 pm GMT, the EUR/USD pair fell 0.25% to $1.1417.