After reporting a sharp increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing that durable goods orders came in flat in November.
The report said durable goods orders were virtually unchanged in November after surging up by 2.9 percent in October. Orders had been expected to pull back by about 0.5 percent.
Excluding orders for transportation equipment, durable goods orders edged down by 0.1 percent in November after rising by 0.5 percent in October. Economists expected ex-transportation orders to be flat.
The material has been provided by InstaForex Company – www.instaforex.com