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

Durable Goods New Orders December 2012

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
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Categories: Financial News

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