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New Durable Goods Orders Rebounded, Up 3.1 Percent in February and 6.9 Percent Year-Over-Year

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The Census Bureau said that new durable goods orders rebounded, up 3.1 percent in February after falling by 3.5 percent in January. Much of that volatility stemmed from shifts in aircraft and parts sales, which can have large swings from month to month. The increase in February was also buoyed by stronger motor vehicles and parts orders (up 1.6 percent), and with solid gains in aircraft and automobiles, transportation equipment orders jumped 7.1 percent in February. Excluding transportation equipment, new durable goods orders increased 1.2 percent in February.

New durable goods orders have trended strongly higher over the course of the past 12 months, soaring 6.9 percent since February 2017. One of the more important measures in this release is new orders for core capital goods (or nondefense capital goods excluding aircraft), which can often be seen as a proxy for capital spending in the U.S. economy. In February, new orders for core capital goods were up 1.8 percent, but like the headline number above, the year-over-year pace was a very healthy 8.0 percent. Read More

New Durable Goods Orders Fell in January, Led by Decline in Highly Volatile Aircraft Sales

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The Census Bureau said that new durable goods orders fell 3.7 percent in January following two months of solid gains in both November and December. The decline in the latest data stemmed largely from significant decreases in defense and nondefense aircraft and parts sales, which were off by 45.6 percent and 28.4 percent, respectively. It is important to note that aircraft orders can be highly volatile from month to month. Excluding transportation equipment, new durable goods orders edged down 0.1 percent in January, falling (ever-so-slightly) for the first time since June. As such, broader activity in the durable goods sector started 2018 on a soft note. Read More

Strong Aircraft Sales Lifted New Durable Goods Orders by 2.9 Percent in December

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The Census Bureau said that new durable goods orders rose 2.9 percent in December, extending the 1.7 percent gain seen in November. The increase in both months stemmed largely from strong defense and nondefense aircraft and parts sales, jumping 55.3 percent and 15.9 percent in December, respectively. It is important to note that aircraft orders can be highly volatile from month to month. Excluding transportation equipment, new durable goods orders were up 0.6 percent in December, increasing for the sixth straight month. Read More

New Factory Orders Rose 1.3 Percent in November, with 8.0 Percent Growth Year-Over-Year

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The Census Bureau said that new factory orders rose by 1.3 percent in November, accelerating from the softer 0.4 percent gain seen in October. The boost to orders in the latest data included large jumps in nondefense (up 14.7 percent) and defense (up 12.4 percent) aircraft and parts sales. It is important to note that aircraft orders can be highly volatile from month to month, and the November data include robust demand from the Dubai Airshow. Excluding transportation equipment, new orders for manufactured goods were up 0.8 percent, rising for the fifth consecutive month.

Overall, new factory orders – which have struggled mightily over the past couple years – have largely trended in the right direction more recently, up nearly 8.0 percent since November 2016, or 7.6 percent with transportation equipment sales excluded.   Read More

Strong Transportation Equipment Sales Lifted New Durable Goods Orders by 1.3 Percent in November

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The Census Bureau said that new durable goods orders were up 1.3 percent in November, rebounding from a decline of 0.4 percent in October. The increase in the latest data stemmed largely from strong transportation equipment sales, including healthy growth for motor vehicles and parts (up 1.4 percent), defense aircraft and parts (up 11.9 percent) and nondefense aircraft and parts (up 14.5 percent). It is important to note that aircraft orders can be highly volatile from month to month, and the November data include robust demand from the Dubai Airshow. Excluding transportation equipment, new durable goods orders edged down by 0.1 percent in November, its first decline in five months.

New durable goods orders have generally trended in the right direction over the course of the past 12 months. In fact, new durable goods orders have jumped 8.2 percent since November 2016. With transportation equipment excluded, the year-over-year rate was 7.0 percent. One of the more important measures in this release is new orders for core capital goods (or nondefense capital goods excluding aircraft), which can often be seen as a proxy for capital spending in the U.S. economy. In November, new orders for core capital goods inched down 0.1 percent, but like the headline number above, the year-over-year pace was a very healthy 8.1 percent. Read More

New Factory Orders Edged Down 0.1 Percent in October, but Year-Over-Year Growth Remains Encouraging

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The Census Bureau said that new factory orders edged down 0.1 percent in October, easing off ever-so-slightly after jumping by 1.2 percent and 1.7 percent in both August and September, respectively. In October, nondurable goods orders were up by 0.7 percent, with new sales for durable goods off 0.8 percent. The decline for durable goods in October stemmed largely from significant declines in defense and nondefense aircraft and parts orders, which can often be highly volatile from month to month. (The November numbers should rebound strongly on healthy airplane demand at the Dubai Airshow.) Excluding transportation equipment, new orders were up 0.8 percent in October, rising for the fourth consecutive month.

Overall, new factory orders – which have struggled mightily over the past couple years – have largely trended in the right direction more recently, up nearly 3.7 percent since October 2016, or 6.8 percent with transportation equipment sales excluded.   Read More

Durable Goods Orders Off by 1.2 Percent in October on Aircraft Sales Volatility, Long-Term Trend Remains Favorable

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The Census Bureau said that growth in new durable goods orders decreased by 1.2 percent in October, ending two straight months of solid gains in August and September. The decline in October stemmed largely from significant declines in defense and nondefense aircraft and parts orders, which can often be highly volatile from month to month. (The November numbers should rebound strongly on healthy airplane demand at the Dubai Airshow.) Excluding transportation equipment, new durable goods orders were up 0.4 percent, rising for the fourth consecutive month. New durable goods orders have generally trended in the right direction over the course of the past 12 months. New durable goods orders have increased by 1.0 percent since October 2016, but these gains were more sizable when transportation equipment were excluded, up 7.4 percent year-over-year.  Read More

Durable Goods Orders Bounced Back in August, with Strong Year-Over-Year Growth

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The Census Bureau said that growth in new durable goods orders increased by 1.7 percent in August, bouncing back somewhat after dropping 6.8 percent in July. This data has been highly volatile over the past three months, largely on large swings in nondefense aircraft and parts orders, which are often bulked together surrounding major trade shows. Excluding transportation equipment, new durable goods orders were up by 0.2 percent in August, easing from the 0.8 percent gain seen in July. New durable goods orders have generally trended in the right direction over the course of the past 12 months. New durable goods have risen 5.1 percent since August 2016, or excluding transportation equipment, the year-over-year gain was 6.1 percent.   Read More

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