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Durable Goods Orders for December Smash Expectations, But Core Goods Plunge

By Rebecca Welch on January 28, 2013 • ( 0 )

The January Advance Report on December Durable Goods was released this morning by the Census Bureau. Here is the Bureau’s summary on new orders:

New orders for manufactured durable goods in December increased $10.0 billion or 4.6 percent to $230.7 billion, the U.S. Census Bureau announced today. This increase, up seven of the last eight months, followed a 0.7 percent November increase. Excluding transportation, new orders increased 1.3 percent. Excluding defense, new orders increased 1.2 percent.
Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $8.1 billion or 11.9 percent to $75.9 billion..More