Durable goods requests in the United States grew just 0.2% in December’s monthly reading, well below the expected 0.9% increase. In November, requests increased by 1.2% (revised up from 0.9%). This 0.2% rise is the lowest recorded since April 2020, when the indicator fell 18.3%.
EExcluding defense and aviation, durable goods orders grew 0.6% in December, as expected. The November result has been revised up to 1% from the 0.4% published a month ago.
Durable goods orders excluding transportation increased 0.7%, improving the estimated 0.5% and approaching 0.8% in November (revised up from 0.4%).
Market reaction
Risk aversion has risen with the release, causing the dollar to rise as a safe haven. The DXY index that measures the greenback has risen to 90.59, its highest level on the day.
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