US: Durable Goods Orders rose by 2.5% MoM in November vs. 1.6% expected rise

US Durable Goods Orders rose 2.5% MoM in November, above expectations for 1.6%.
The dollar did not seem to react to the latest strong raft of US macro data.

Joel Frank Independent Analyst

According to the latest release by the US Census Bureau, US Durable Goods Orders rose by 2.5% MoM in November compared to market expectations for a solid 1.6% rise in sales. It also marked an acceleration in the MoM growth rate of sales after October's 0.1% MoM reading, which was upwardly revised from -0.4%.

Core Durable Goods Orders rose by 0.8% MoM in November versus consensus forecasts for a 0.6% rise.

Market Reaction

The dollar did not seem to react to the latest strong raft of US macro data.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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