Durable Goods Orders Grew 1.3% in November

New orders for manufactured durable goods increased 1.3% in November to $241.4 billion, following a 0.4% October decline, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 4.2% to $80.9 billion over the month.

New orders excluding defense grew 1.0% on the month, while orders of nondefense capital goods jumped 2.6% to $75.4 billion.

Shipments of manufactured durable goods, rose 1.0% to $244.5 billion. This followed a 0.5% increase in October.

Inventories of manufactured durable goods continued to rise, growing 0.2% to $405.2 billion. This followed a 0.2% October increase and led to growth in sixteen of the last seventeen months.

Read the Census release.