Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durables slipped 2.5 percent in December, but that was due largely to a dramatic drop in aircraft orders (down 54.9 percent). Excluding transportation, durables rose 0.5 percent during the month, following a 4.5 percent gain in November. On the year, durable goods orders excluding transportation rose 11.5 percent. An important signal of future equipment and software investment—new orders of nondefense capital goods excluding aircraft—rose 1.4 percent in December, bringing its fourth quarter annualized gain to 9.0 percent (still relatively strong but slightly below its year-over-year growth rate of 15.5 percent). Shipments of durables excluding transportation increased 1.1 percent in December, and are now up five out of the last six months, bringing its annualized 6-month growth rate up to 7.8 percent, just below its 12-month trend of 8.6 percent. 2010 was a restocking year for manufacturers: after including a 0.7 percent increase in December, inventories grew every month, bringing its 12-month growth rate to 9.0 percent (its highest growth rate since May 2007).