Reflecting a sharp pullback in orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of December.
The Commerce Department said durable goods orders slumped by 0.9 percent in December after soaring by an upwardly revised 3.2 percent in November.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.