Economy
January 27, 2021
Durable Goods Orders Grow Modestly in December
Written by Sandy Williams
Orders for durable goods rose for an eighth month in December, gaining 0.2 percent after an upward revision to 1.2 percent in November. Growth was below economists’ projections of 0.8 percent and the smallest increase since August. The pullback in momentum was primarily due to a sharp drop in aircraft orders.
Excluding the volatile category of transportation, orders climbed 0.7 percent. Primary and fabricated metals inched higher in December and machinery orders jumped 2.4 percent.
