FXstreet.com (Barcelona) - Orders for expensive goods manufactured in the U.S. have declined in December for fifth consecutive month, and a somewhat larger than expected decline this time, according to data released by the U.S. Commerce Department.
Durable goods orders have posted a 2.6% decline in December, following a 3.7% decline in November, which has been downwardly revised from the 1.5% fall previously estimated. December's decline has surpassed broadly the analysts' expectations of a 2.0% fall.
Excluding transportation, orders have posted a 3.6% decline in December, while excluding defence, new orders fell 4.2%. Orders for non defence capital goods excluding aircraft, a gauge to assess businesses' equipment spending, have posted a 2.8% fall following a 1.7% rise in November.