Durable goods orders up 4.6%
January 28, 2013
New orders for manufactured durable goods in December increased $10.0 billion, or 4.6%, to $230.7 billion, according to advance estimates from the U.S. Census Bureau. Excluding a 9.1% increase in September that resulted from an extraordinary situation with aircraft orders in August, December’s increase is the largest month-to-month improvement in durable goods orders since an increase of the same magnitude in March 2011. Orders have now risen in seven of the last eight months.
As is often the case, transportation equipment saw the biggest increase, rising 11.9%. But even excluding transportation, new orders increased a strong 1.3%. Excluding defense, new orders increased 1.2%. New orders for non-defense capital goods rose 3.8%.
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