Economic Report: U.S. durables-goods orders drop sharply in December


The numbers: Orders for durable goods fell a sharp 0.9% in December, the government said Thursday.

Economists had forecast a 0.6% fall in orders for durable goods — products made to last at least three years.

Core capital goods orders, which exclude volatile sectors like transportation and defense, were unchanged in December. But orders for November were revised up to a 0.3% gain after the prior estimate of a flat reading.

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