America.. Demand for durable goods decreased by 1.1% during November

The US Department of Commerce announced that demand for durable goods declined more than expected last month.
She explained that demand declined in November by 1.1% after rising by 0.8% in October, according to the revised data.

Durable goods in America

Analysts had expected demand to decline by 0.4% last month, after it rose by 0.3% during the previous month, according to preliminary data.
This larger-than-expected decline in demand for durable goods came against the backdrop of a sharp decline in demand by 2.9% last month, after rising by 1.8% during October.
Excluding demand for transportation equipment, demand for durable goods in the United States fell by 0.1% in November after rising by 0.2% in October.

Previous expectations of high demand

While analysts expected demand to rise after excluding transportation equipment by 0.3%, and demand for machined metal products, computers and electronics to decline.
This came against the high demand for machinery, basic metals, electrical equipment, home appliances and their spare parts.
At the same time, the Commerce Department report indicated that demand for non-military capital goods, excluding aircraft, which is a key indicator of corporate spending, also rose by 0.7% during November after falling by 0.1% during October.

Investments in machinery

Deliveries of this category of products, which is a source of data on investments in machinery in GDP, rose by 0.5% last month after rising by 0.4% during the previous month.
October witnessed a growth in demand for durable goods that was less than expected, and it rose by 0.2% during October after declining by 0.4% during last September/July, according to revised data.
At that time, analysts expected demand to rise by 0.5% during October, after a decline of 0.7% during September.
Demand for durable goods in the United States increased during September by 0.1% after rising by 0.4% during August, while analysts had expected demand after excluding transportation equipment to rise by 0.2% during September.