Total durable goods new orders fell -1.1% MoM in November, below expectations of -0.4% MoM. Ex-transport orders were also down, by -0.1% MoM, and were also below expectations of an 0.3% MoM increase. Despite solid increases in machinery (+1.0% MoM) and primary metals (+0.7% MoM), fabricated metal products orders fell -1.6% MoM to offset both increases.

Core nondefense capital goods (ex-aircraft) orders actually saw a solid increase of 0.7% MoM and an increase in shipments of 0.5% MoM. The annual growth was 1.1% YoY, the highest since December 2023.