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ECON: Durable Goods Weaker Than Expected
Posted to: Micro News
Wednesday, February 27, 2013 8:46 AM

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- Durables -5.2 vs -4.4 Consensus
- December revised down to +3.7 vs +4.3 previously

New orders for manufactured durable goods in January decreased $11.8 billion or 5.2 percent to $217.0 billion, the U.S. Census Bureau announced today. This decrease, down following four consecutive monthly increases, followed a 3.7 percent December increase. Excluding transportation, new orders increased 1.9 percent. Excluding defense, new orders decreased 0.4 percent.

Transportation equipment, down three of the last four months, drove the decrease, $14.7 billion or 19.8 percent to $59.7 billion. This was led by defense aircraft and parts, which decreased $5.1 billion.

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