U.S. durable goods orders in November increased by 5.3% month-on-month, reversing the decline from the previous month and significantly exceeding expectations, marking the largest increase in six months

U.S. durable goods orders in November saw a significant month-on-month increase of 5.3%, marking the largest growth in nearly six months, far exceeding market expectations and reversing the decline from the previous month. The growth was primarily driven by a surge in orders for commercial aircraft, and core orders excluding transportation also rose for the eighth consecutive month, indicating a continued recovery in business equipment investment. Core capital goods orders increased by 0.7%, also better than expected, further confirming the improvement in manufacturing demand and the strengthening of corporate investment willingness. Although the data was delayed due to the government shutdown, it still provides a positive signal for economic momentum heading into the year-end