Durable goods orders were lacklustre in November.
Total orders saw no growth. However, this was better than the 0.6% month-over-month decline estimated by economists.
Nondefense capital goods excluding aircraft, or core capex, fell 0.4%. This was weaker than the 0.2% decline expected.
“The durables report suggested that investment activity could remain a drag on growth heading into year-end,” TD’s Gennadiy Goldberg said.