Economy
February 21, 2019
Durable Goods Report Disappoints in December
Written by Sandy Williams
A delayed report on manufactured durable goods showed new orders increased 1.2 percent in December, due mostly to orders for transportation. Excluding transportation, new orders rose just 0.1 percent.
Orders for core capital goods, which exclude defense and aircraft and are considered a measure of business investment, dropped unexpectedly by 0.7 percent after a downward revision in November. The decrease surprised economists surveyed by Reuters who expected a 0.2 percent increase for the month.
