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    US durable goods orders surge 5.3% mom in November, led by transport strength

    ActionForex
    By ActionForex

    US durable goods orders posted a strong upside surprise in November, rising 5.3% mom to USD 323.8B, well above expectations for a 3.1% increase.

    Excluding transportation, orders rose a solid 0.5% mom to USD 204.4B, also beating forecasts of a 0.3% increase. Ex-defense orders jumped an even stronger 6.6% mom to USD 286.9B.

    Transportation equipment was the clear driver, surging 17.9% mom to USD 119.3B. While volatility in this category is common, the underlying gains in core orders suggest business investment remained resilient.

    Full US durable goods orders release here.

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