Investing.com - U.S. orders for long lasting manufactured goods rose less than expected in November, dampening optimism over the U.S. economy, according to official data released on Wednesday.
Total durable goods orders, which include transportation items, rose by 1.3% last month, the Commerce Department said, compared to economists' expectations for a gain of 2.0%.
That came after October’s fall of negative 0.4%, which was upwardly revised from an initial 0.8% decline.
Durable goods are typically bulky or heavy manufactured products designed to last at least three years.
Core durable goods orders, which exclude volatile transportation items, fell to a negative 0.1% last month, missing expectations for a 0.5% increase.
October's core durable goods orders registered a 1.3% advance which was an upward revision from a 0.9% gain.
Durable orders excluding defense rose by 1.0% in November, compared to a forecast for a 0.9% increase. The prior month’s reading was left unchanged at negative 0.8%.
Durable goods excluding defense and aircrafts slipped by a negative 0.1% in November, compared to expectations for a 0.5% gain.
The previous month registered a rise of 0.8% which was an upward revision from an initial gain of 0.3%.
After the report, which was released simultaneously with personal income and spending, EUR/USD was trading at 1.1854 from around 1.1852 ahead of the publication; GBP/USD was at 1.3387 from 1.3388 earlier; while USD/JPY was unchanged from 113.38 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 92.94 compared to 92.90 prior to the release.