Economy
January 26, 2018
Durable Goods Orders Up 2.9%
Written by Sandy Williams
Durable goods orders increased at their fastest pace in six months, gaining 2.9 percent after an upwardly revised 1.7 percent advance in November. On a year-over-year basis, orders increased 5.8 percent from 2016, the most in six years. Durable goods are items that are meant to last at least three years.
Civilian aircraft orders jumped 15.9 percent in December. Orders for core capital goods (an investment metric that includes nondefense minus aircraft) were down 0.3 percent for the month. A weaker dollar and stronger global economic growth is benefiting American exports.
