U.S. Durable and Capital Goods Orders increased – November 2011

Today, the U.S. Census Bureau published its monthly report on U.S. durable goods manufactures’ shipments, inventories and orders for November 2011 – according to the report, orders of durable goods and capital goods rose during last month compared to October.

According to the recent report, during November 2011, new orders of manufactured durable goods increased by $7.5 billion or 3.8% to $207.0 billion; on the other hand, Shipments of manufactured durable goods slightly declined by $0.8 billion or 0.4% to $202.8 billion. Shipments of manufactured decreased during two out of the past three months.

Finally, the Non-defense new orders for capital goods increased by $5.9 billion or 8.1% to $78.7 billion; Inventories of manufactured durable goods increased for twenty three consecutive months – last month they increased $2.0 billion or 0.6% to $368.8 billion.

This report provides a good indicator to the progress of the U.S economy during November. Since the new orders increased (after they had declined in the past couple of months), along with the increase in the demand for Non-defense capital goods, this report seems to indicate some signs of recovery in the economic growth of the U.S.

Some speculate that this report may drive the U.S. stock markets up during the day and will push along with it major energy commodities prices including crude oil prices.

Currently, major commodities are traded with mixed trends as energy commodities are rising while precious metals are falling; the Euro and other major currencies are traded slightly down against the USD; the American stock markets indexes are rising.

Current gold price, short term futures (January 2012 delivery) is traded at $1,605.40 per t oz. a $5.2 decrease or 0.32%, as of 17:39*.

Nymex (WTI) crude oil price, short term futures (January 2012 delivery) is slightly rising by 0.42% to $99.95 per barrel as of 17:38*.

Euros to USD exchange rate is currently traded down at 1.3048 a  0.0173% decrease as of 17:44*.

(* GMT)

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