Durable Goods orders dissappoint, but index pulled down by Boeings dreamliner follies

New orders for manufactured durable goods in December decreased $5.0 BB or 2.5% to $191.0 BB, the U.S. Census Bureau announced today. This decrease, down four of the last five months, followed a 0.1% November decrease.

By major industries, transportation fell a monthly 12.8% in December after declining 13.1% the month before. Boeing orders likely falling due to delays in its Dreamliner delivery dates. Also, within transportation, motor vehicles actually increased 1.7% while defense aircraft & parts fell back 10.9 percent.

These numbers are not as disappointing as they appear at first glance. The report should be considered in light of the big fall in transportation orders due to Boeing’s misstep. After factoring that out, ex-transportation shows a positive trend for two or three months. Essentially, manufacturing is still on an uptrend though one not as robust as believed last month.

More

Census Release
Econoday analysis
Boeing's Dreamliner delays as outsourcing goes too far

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