Durable goods new orders jumped 5.3% MoM (vs 3.7% MoM expected) in November, the largest monthly gain since May 2025.

• Durable goods (ex transport) new orders increased 0.5% MoM (vs 0.3% MoM expected). The headline result was heavily affected by a 14.7% MoM increase in new orders for transport equipment.
• The strongest segments were machinery (+0.5% MoM), fabricated metal products (+1.0% MoM), and electrical equipment (+1.7% MoM).
• Core capital goods shipments and new order growth were both solid in November, at 0.4% MoM and 0.7% MoM, respectively. YoY new order growth remained at 3.1% YoY.