US Durable Goods Orders decline 2.2% in December
- Durable Goods Orders in the US fell 2.2% in December.
- US Dollar Index stays in positive territory near 108.00.
Durable Goods Orders in the US declined by 2.2%, or $6.3 billion, in December to $276.1 billion, the US Census Bureau reported on Tuesday. This reading followed a 2% decrease reported in November and came in worse than the market expectation for an increase of 0.8%.
"Excluding transportation, new orders increased 0.3%," the press release read. "Excluding defense, new orders decreased 2.4%. Transportation equipment, also down four of the last five months, drove the decrease, $6.9 billion, or 7.4%, to $86.1 billion."
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen rising 0.5% on the day at 107.93.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
