US durable goods orders for December fall short of forecasts
Boeing Co.
$164.33
11:09 24/04/24
Durable goods orders grew at a slower than expected pace last month, albeit only on account of the drag from the oft-volatile civilian aerospace sector.
Dow Jones I.A.
38,460.92
04:30 15/10/20
According to the Department of Commerce, orders for goods made to last more than three years increased at a month-on-month pace of 0.2% (consensus: 1.0%) to reach $245.3bn.
That followed upwardly growth of 1.2% for November, against a preliminary estimate of 1.0%.
Excluding those from the transportation sector, orders were up by 0.7% on the month, beating economists' median forecast for growth of 0.5%.
Weighing on December's headline number for orders, those for non-defence aircraft and parts more than halved, falling by 51.8% to $1.14bn.
Orders for capital goods excluding those from the Defence and for civilian aircraft also beat expectations rising by 0.6%, on top of an upwardly revised print of 1.0% for November (Preliminary: 0.5%).
In year-on-year terms nevertheless total durable goods orders were running at -7.0%.