New orders for U.S.-made durable goods were flat in December, following a November that saw the biggest one-month gain in 28 months.
The Census Bureau’s monthly advance report issued Jan. 25 showed that new orders for durable goods were virtually unchanged in December, ticking up $0.1 million to $295.6 billion for a 0.0% difference from November.
Advance: U.S. 4Q GDP Grew 3.3%, Topping Expectations – Jan. 25
It followed a 5.5% surge in November, which followed a 5.1% drop in October; 4.0%; 4.0% increase in September; 0.1% dip in August; and 5.6% plung in July — collectively a volatile second half of 2023.
December shipments of new durable goods were down 0.3% from November.
Excluding transportation, December orders increased 0.6%. Excluding defense, orders grew 0.5%. Primary metals, up three of the past four months, drove much of the increase at +1.4% ($0.4 billion) to $27.1 billion. Fabricated metal products shipments grew 0.4%, while machinery shipments fell 0.8%.
Related Posts
-
It was a major reversal from September’s 4.0% gain, and the second considerable drop in…
-
New orders for manufactured durable goods in July were down following four consecutive monthly increases,…
-
Machinery, up four of the last five months, led the increase at $0.2 billion or…
