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Orders for durable goods unexpectedly fall in Dec in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/01/2015 (11:44)
According to a report released by the US Commerce Department, durable goods orders unexpectedly declined in December. Orders for durable goods decreased 3.4% in December, falling below economists’ initial estimates, which called for an increase of 0.5%. Lower orders for transportation equipment were cited as one of the main reasons for the country’s weaker December figures.

The report showed that orders for transportation equipment slumped 9.2% in December following a decrease of 3.9% in the previous month while order for non-defense aircraft and parts also significantly declined by 55.5% in December.

The Commerce Department also reported that durable goods orders excluding orders for defense-related items, which is an indicator of business spending, narrowed 0.6% in December to match the November decline.
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