U.S. core capital good orders unchanged in December

© Reuters. FILE PHOTO: General view of metal cutting machines inside Gent Machine Co.'s 55-employee factory in Cleveland, Ohio, U.S., May 26, 2021. REUTERS/Timothy Aeppel/File Photo WASHINGTON (Reuters) - New orders for U.S.-made capital goods were unexpectedly unchanged in December, suggesting a loss of momentum in business spending on equipment amid shortages. The Commerce Department said on Thursday that the unchanged reading last month in orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, followed a 0.3% gain in November. Economists polled by Reuters had forecast these so-called core capital goods orders increasing 0.4%. Shipments of core capital goods jumped 1.3% last month after rising 0.4% in November. Core capital goods shipments are used to calculate equipment spending in the GDP measurement. The data was included in the advance fourth-quarter GDP report published on Thursday. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

U.S. core capital good orders unchanged in December
U.S. core capital good orders unchanged in December© Reuters. FILE PHOTO: General view of metal cutting machines inside Gent Machine Co.'s 55-employee factory in Cleveland, Ohio, U.S., May 26, 2021. REUTERS/Timothy Aeppel/File Photo

WASHINGTON (Reuters) - New orders for U.S.-made capital goods were unexpectedly unchanged in December, suggesting a loss of momentum in business spending on equipment amid shortages.

The Commerce Department said on Thursday that the unchanged reading last month in orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, followed a 0.3% gain in November.

Economists polled by Reuters had forecast these so-called core capital goods orders increasing 0.4%.

Shipments of core capital goods jumped 1.3% last month after rising 0.4% in November. Core capital goods shipments are used to calculate equipment spending in the GDP measurement.

The data was included in the advance fourth-quarter GDP report published on Thursday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.