Wednesday , June 29 2022

The orders for 0.8% glass goods rose in November, led by aircraft



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Bloomberg News / Landov

A worker sits on top of the Beechcraft King Air turboprop aircraft during the assembly at the production facility of Textron Aviation Inc. in Wichita, Kan.

And numbers: The orders for resilient goods were answered 0.8% in November after a 4.3% reduction in the previous month, the government said on Friday. The gains in November were in line with the economics prospects surveyed by MarketWatch.

The orders for unintended capital goods, with the exception of aircraft, called "core capital goods", decreased by 0.6% in November, the second reduction in the past three months. Core goods shipping rejected 0.1%. Orders rejected without 0.1% defense in November.


What happened: Maintaining transport orders, mainly aircraft, won the win in November. By cutting aircraft and cars, orders decreased by 0.3%. Transport often gives too much increase in the orders due to the lump rate of one month.

Orders for commercial jets increased by 6.7% in November and jumped 31.5% for fighter jets and other military aircraft. The orders dropped for 0.2% cars.

Apart from aircraft, orders also raised for primary metals. Orders for machines and electrical appliances were rejected. The orders for computers were always in the month.

Large picture: The basic trend in chilled core orders has recently been updated and suggests that business equipment investment will not boost the gross domestic product of the fourth quarter.

Market reaction: Stocks were ready to open lower because closing concerns had been added to concerns regarding Federal Reserve financial policy. Dow Jones Industrial Average

DJIA, -1.99%

he withdrew 464 points on Thursday.

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