Quotes from Societe Generale:
- Widespread increases in «hard» goods bookings probably propelled durable goods orders 4.9 pct higher in November – the largest one-month gain since the 22.5 pct leap recorded in July. A projected surge in civilian jetliner orders, combined with a fourth straight rise in defense-related requisitions, are expected to fuel a 9.0 pct rise in transportation equipment bookings, accounting for almost 60 pct of the increase in the headline figure last month.
- Sans the anticipated pickup in transport bookings during the reference period, durable goods orders likely climbed by 3.0 pct, more than offsetting the surprising 1.1 pct decline recorded in October. Soundings on non-defense capital goods orders and shipments excluding aircraft probably will add to the upbeat tone of the Census Bureau's advance report.
- Excluding jetliner deliveries, non-defense capital goods shipments are projected to climb by a slightly larger 3.3 pct in November, placing theirquarter-to-date average 5.9 pct annualized above the summer-quarter mean.
The material has been provided by InstaForex Company – www.instaforex.com