New orders for U.S. manufactured durable goods pulled back by less than expected in the month of December, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said durable goods orders slumped by 1.4 percent in December after spiking by an upwardly revised 5.4 percent in November.
Economists had expected durable goods orders to tumble by 2.3 percent compared to the 5.3 percent surge that had been reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.