Durable Goods Orders Stumble In November – Business Spending Drops Most Since 2016
by Tyler Durden
ZeroHedge.com
Dec 22, 2017
Headline durable goods orders rose 1.3% in November (prelim), missing expectations of a 2.0% rise, but core durable goods fell in the preliminary November print – the worst drop since April.
Perhaps even more concerning is the 0.1% drop in capital goods new orders ex-aircraft and parts – i.e. business spending – this is the equal weakest print in 2017.
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