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| US durable goods orders jump 3.8% in November | US durable goods orders jump 3.8% in November |
| (40 minutes later) | |
| Orders for US durable goods jumped by 3.8% in November, which was much more than expected. | Orders for US durable goods jumped by 3.8% in November, which was much more than expected. |
| The US Commerce Department said that orders for durable goods, including transportation equipment, rose by $7.5bn (£4.8bn) to $207bn. | The US Commerce Department said that orders for durable goods, including transportation equipment, rose by $7.5bn (£4.8bn) to $207bn. |
| Excluding transportation goods, which are seen as volatile, orders rose overall by 0.3%. | Excluding transportation goods, which are seen as volatile, orders rose overall by 0.3%. |
| In the same announcement the previous month's figures were revised up to $199bn from $197.7bn. | |
| Transportation goods include aeroplanes which drove most of the growth. | Transportation goods include aeroplanes which drove most of the growth. |
| Plane-builder Boeing received 96 orders for aircraft in November compared with 7 in October. | Plane-builder Boeing received 96 orders for aircraft in November compared with 7 in October. |
| However, car manufacturers saw orders fall by 0.5% in the same period after rising 5.9% in October. | However, car manufacturers saw orders fall by 0.5% in the same period after rising 5.9% in October. |
| 'Good sign' | |
| Analysts had expected an overall rise in US durable goods orders of about 2% in November and said the underlying picture from the data was encouraging. | Analysts had expected an overall rise in US durable goods orders of about 2% in November and said the underlying picture from the data was encouraging. |
| "This was a positive surprise, and the prior month's number was revised upwards," said Chris Orndorff, senior portfolio manager at Western Asset Management. | "This was a positive surprise, and the prior month's number was revised upwards," said Chris Orndorff, senior portfolio manager at Western Asset Management. |
| "A good sign, but the rolling average of the last three months is still far below the high durable goods levels of Q1 2011. | "A good sign, but the rolling average of the last three months is still far below the high durable goods levels of Q1 2011. |
| "And the 2011 levels are below the 2010 levels, so by this measure the economy is still muddling along. However, at least it is in positive territory." | "And the 2011 levels are below the 2010 levels, so by this measure the economy is still muddling along. However, at least it is in positive territory." |
| In a separate report the Commerce Department announced more positive results for the US in sales of new homes. | In a separate report the Commerce Department announced more positive results for the US in sales of new homes. |
| Sales of new single-family houses in November 2011 rose to an annual rate of 315,000, which was up 1.6% from October's revised figure of 310,000. | Sales of new single-family houses in November 2011 rose to an annual rate of 315,000, which was up 1.6% from October's revised figure of 310,000. |
| However, US consumer spending figures, which the Commerce Department also released on Friday, were disappointing. | However, US consumer spending figures, which the Commerce Department also released on Friday, were disappointing. |
| Spending rose by 0.1% from October, worse than predicted. Incomes also rose by just 0.1%, the smallest rise in personal incomes since August. | Spending rose by 0.1% from October, worse than predicted. Incomes also rose by just 0.1%, the smallest rise in personal incomes since August. |