New Orders for Durable Goods Shows Pick Up in December
The U.S. Census Bureau on Monday reported durable goods orders for December. Overall the data was positive, with larger than expected gains in new orders. The report also showed a decline in inventory, a pickup in unfilled orders, shipments, and nondefense goods.
The report showed new orders increased 4.6 percent in December, ahead of economist expectations that called for a gain of 2 percent. This followed a 0.7 percent November increase, and marks the seventh gain out of 8 months. Excluding transportation, new orders increased 1.3 percent. Excluding defense, new orders increased 1.2 percent.
Interestingly, December inventories declined following 14 consecutive monthly increases. The decrease was $0.1 billion to $374.5 billion. This decrease followed a 0.1 percent November increase
Unfilled orders for manufactured durable goods in December, up six of the last seven months, increased $8.2 billion or 0.8 percent to $992.0 billion. This increase followed a slight November increase.
Shipments of manufactured durable goods in December, up five of the last six months, increased $2.9 billion or 1.3 percent to $230.6 billion. This followed a 1.8 percent November increase.
Non-defense new orders for capital goods in December increased $2.7 billion or 3.8 percent to $73.8 billion.
The report showed new orders increased 4.6 percent in December, ahead of economist expectations that called for a gain of 2 percent. This followed a 0.7 percent November increase, and marks the seventh gain out of 8 months. Excluding transportation, new orders increased 1.3 percent. Excluding defense, new orders increased 1.2 percent.
Interestingly, December inventories declined following 14 consecutive monthly increases. The decrease was $0.1 billion to $374.5 billion. This decrease followed a 0.1 percent November increase
Unfilled orders for manufactured durable goods in December, up six of the last seven months, increased $8.2 billion or 0.8 percent to $992.0 billion. This increase followed a slight November increase.
Shipments of manufactured durable goods in December, up five of the last six months, increased $2.9 billion or 1.3 percent to $230.6 billion. This followed a 1.8 percent November increase.
Non-defense new orders for capital goods in December increased $2.7 billion or 3.8 percent to $73.8 billion.
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