US Durable Goods Orders Fall in December

In December of 2013, US durable goods orders, a proxy for business investment, dropped 4.3 percent over the previous month. It is the worst rate in the last five months.
U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 1/28/2014 1:49:45 PM
New orders for manufactured durable goods in December decreased $10.3 billion or 4.3 percent to $229.3 billion. This decrease, down two of the last three months, followed a 2.6 percent November increase. 

Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 3.7 percent. 

Transportation equipment, also down two of the last three months, led the decrease, $7.7 billion or 9.5 percent to $73.1 billion. This was led by nondefense aircraft and parts, which decreased $3.8 billion.

US Durable Goods Orders Fall in December