Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods fell 4.3 percent in December. Over the past year, new orders are up 4.9 percent. New orders for transportation equipment lead the decline, falling 9.5 percent in October. Excluding volatile transportation equipment orders, new orders were down 1.6 percent, following an increase of 0.1 percent in November. Orders for nondefense capital goods excluding aircraft, which is used to evaluate the near-term outlook in equipment and software investment, declined 1.3 percent in December. Shipments of durable goods, which are up 3.4 percent over the past year, fell 1.9 percent in December. Perhaps more encouraging is that shipments of nondefense capital goods excluding aircraft, which map directly into GDP, fell only 0.2 percent in December after increasing 2.3 percent in November. On a year-over-year basis, shipments of nondefense capital goods excluding aircraft are up 1.5 percent.