Durable Goods Orders Slip 0.9% in December

Durable goods orders took a slight tumble in December, slipping for the first time in three months and suggesting a pause in capital investment as the fourth quarter ended.

economy The decline in December – down 0.9% versus the prior month – reflected a drop in orders for commercial aircraft (transportation) and communications equipment, compounded by an upward revision of 3.2% in November’s durable goods orders.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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