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Durable Goods orders decline 4% in January


Durable goods is always very volatile. Durable goods orders were expected to decline due to lower aircraft orders (Nondefense aircraft and parts declined 19%) and the expiration of a tax credit that allowed for faster depreciation of equipment purchases.

From the Census Bureau: Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders
January 2012

New orders for manufactured durable goods in January decreased .6 billion or 4.0 percent to 6.1 billion,the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, followed a 3.2 percent December increase. Excluding transportation, new orders decreased 3.2 percent. Excluding defense, new orders decreased 4.5 percent.

Transportation equipment, down following two consecutive monthly increases, had the largest decrease, .6 billion or 6.1 percent to .2 billion. This was due to nondefense aircraft and parts, which decreased .8 billion.

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