Durable goods orders excluding defense in the United States posted a marginal slowdown in November 2025, suggesting a modest cooling in core industrial demand at the end of the year. The month‑over‑month indicator eased to 6.5%, down slightly from 6.6% in the previous month, according to data updated on 29 January 2026.
The “actual” November reading reflects the change from October to November 2025, while the “previous” figure of 6.6% captures the change from September to October 2025. Although the shift is minor, the dip indicates that the strong expansion in non-defense durable orders has lost a bit of pace on a month-to-month basis.
Analysts and market participants often track durable goods excluding defense as a gauge of underlying private-sector investment and demand, with defense orders removed to reduce volatility. The near‑steady but slightly softer November print may prompt closer scrutiny of upcoming data to determine whether this is an early sign of plateauing growth or simply a brief pause after a strong run-up in prior months.
