US durable goods order falls sharply (-5.1%) in December, much higher than estimates

FXStreet (Mumbai) - Durable goods order in December fell 5.1 per cent after having stagnated in November. Excluding transportation it dropped sharply 1.2 percent. It was expected to fall 0.1 per cent. Excluding defense, new orders decreased 2.9 percent.

New orders for manufactured durable goods in
December decreased $12.0 billion or 5.1 percent to
$225.4 billion, the U.S. Census Bureau announced
today. This decrease, down four of the last five months,
followed a 0.5 percent November decrease.

Inventories of manufactured durable goods in
December, up following five consecutive monthly
decreases, increased $2.1 billion, or 0.5 percent, to
$397.9 billion. This followed a 0.2 percent November
decrease.

Nondefense new orders for capital goods in December
decreased $11.3 billion or 15.0 percent to $64.4 billion.

Unfilled orders for manufactured durable goods in
December, down following two consecutive monthly
increases, decreased $5.6 billion or 0.5 percent to
$1,187.6 billion. This followed a 0.1 percent November
increase.