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Durable Goods
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in six months, led by a large decrease in orders for defence aircraft and parts. A closely watched category that tracks business investment ticked up 0.1%.
Orders for durable goods fell 2% last month, the biggest decline since May, the Commerce Department said Monday. Orders have fallen in two of the past three months. October’s number was revised down to 0.2% from a 0.6% gain.
Transportation equipment orders fell 5.9%, its biggest decline since May. Excluding transportation, new orders were flat.
Most analysts had expected a rebound in overall orders of more than 1% for November, likely forecasting a bounce due to the end of a workers strike at General Motors. The strike lasted 40 days over two months and dragged down durable goods orders in September and October.