News Column

Durable Goods Orders Rose in December

Jan 28, 2013
Durable Goods

U.S. durable goods orders rose 4.6 percent in December, the Commerce Department said Monday.

Orders have increased in seven of the past eight months, rising to $230.7 billion in the final month of the year.

Transportation orders provided most of the increase, going up 11.9 percent or $8.1 billion out of a total increase of $10 billion.

Shipments of durable goods rose 1.3 percent to $230.6 billion in December after going up 1.8 percent in November.

Inventories, however, slipped by $100 million to $374.5 billion after rising for 14 consecutive months.

Non-defense capital goods orders, a leading economic index, rose by 3.8 percent or $2.7 billion to $73.8 billion.

Capital goods orders represent manufacturing firms investing in production equipment, a sign that manufacturers believe production warrants further investment.



Source: Copyright United Press International 2013


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