Investing.com – U.S. core durable goods orders rose significantly more-than-expected in December, advancing for the third consecutive month, official data showed on Thursday.
In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by a seasonally adjusted 2.1% in December, easily surpassing expectations for a 0.9% increase.
The previous month’s figure was revised up to a 0.5% gain from a 0.3% increase.
The report showed that durable goods orders, which include transportation items, rose for a second month in December, climbing by a seasonally adjusted 3.0%, after jumping by 4.3% in November, whose figure was revised from a 3.8% gain.
Analysts had expected durable goods orders to rise by 2.0% last month.
Shipments of core capital goods increased by 2.9% last month, blowing past expectations for a 1.0% gain, after falling by 1.2% in November.
The U.S. government uses the shipments data to help calculate gross domestic product.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD gaining 0.42% to trade at 1.3163.
Meanwhile, U.S. stock future indices added to gains after the release of the data. The Dow Jones Industrial Average futures pointed to a gain of 0.35%, S&P 500 futures rose 0.3%, while the Nasdaq 100 futures pointed to a rise of 0.2%.
In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by a seasonally adjusted 2.1% in December, easily surpassing expectations for a 0.9% increase.
The previous month’s figure was revised up to a 0.5% gain from a 0.3% increase.
The report showed that durable goods orders, which include transportation items, rose for a second month in December, climbing by a seasonally adjusted 3.0%, after jumping by 4.3% in November, whose figure was revised from a 3.8% gain.
Analysts had expected durable goods orders to rise by 2.0% last month.
Shipments of core capital goods increased by 2.9% last month, blowing past expectations for a 1.0% gain, after falling by 1.2% in November.
The U.S. government uses the shipments data to help calculate gross domestic product.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD gaining 0.42% to trade at 1.3163.
Meanwhile, U.S. stock future indices added to gains after the release of the data. The Dow Jones Industrial Average futures pointed to a gain of 0.35%, S&P 500 futures rose 0.3%, while the Nasdaq 100 futures pointed to a rise of 0.2%.