Capital goods orders in the US fell unexpectedly in November

The US Commerce Department said today that core capital goods orders in the US fell 0.1% in November after rising 0.9% in October. Analysts had expected orders for core capital goods to rise 0.6% in November. Shipments of core capital goods, which are used to calculate equipment spending as a gauge of gross domestic product, rose 0.3% in November after rising 0.4% in October.

The data showed that US durable goods orders rose 2.5% in November after rising 0.1% in October, with transportation equipment orders rising 6.5% and auto orders rising 1.0%.