U.S. durable goods orders rebound 1.9 percent in November

New orders for U.S. manufactured durable goods rose by 1.9 percent in November, rebounding from an 8.2 percent drop in the previous month, the Commerce Department reported on Friday.

The November showing was better than analysts' forecasts that orders for durable goods, big-ticket items expected to last at least three years such as cars and computers, would rise 1.5 percent in the month.

Data showed that the rebound was led by strong demand for transportation equipment orders, which surged 9.4 percent in November after having posted a 21.3 percent plunge in October.

Orders for commercial aircraft rose by 7.2 percent in November, following a huge 44.4 percent drop in the previous month. Automobile orders edged up 0.2 percent after rising 1.7 percent in October.

Demand for military aircraft soared 40 percent last month, compared with a rise of 25 percent in October,

Data also showed that durable goods shipments in November increased 0.1 percent, following a 0.3 percent October gain.

Unfilled orders for durable goods were up 1.7 percent in November. Inventories of durable goods, meanwhile, increased 0.3 percent after rising 0.7 percent in October.

Source: Xinhua