In December 2010, US Durable Goods Orders Fell By 2.5%

News in the early morning of Friday (Beijing time): The US Department of Commerce reported on US durable goods in December on Thursday order It has declined by 2.5% for the second consecutive month. Durable goods orders in November were revised down 0.1%.

Orders for durable goods in the United States declined in four of the past five months.

Transportation equipment orders fell 12.8%, ranking first. Excluding transportation, durable goods orders increased by 0.5% last month.

Core capital equipment orders increased by 1.4% in December and 3.1% in November.

The unadjusted data of durable goods orders in November decreased by 0.3%.

The durable goods order and transportation report were much lower than expected. Economists surveyed by MarketWatch had expected orders to grow 1.0% last month.

Theresa Chen, an economist at Barclays Capital, said that the expenditure on equipment and software was still growing, but the growth rate was lower than that in the first half of 2010.

Monthly durable goods orders fluctuate considerably order This is especially true.

For example, non defense aircraft orders declined by 99.5% in December and 59.6% in November.

Many economists had predicted that aircraft orders would rise, mainly from Boeing.

Motor vehicle orders increased by 1.7% in December and decreased by 2.3% in November.

The trend of new orders is considered as an important leading economic indicator. Durable goods orders refer to high priced goods that can last for three years or even longer.

Ian Shepherdson, chief American economist of High Frequency Economics, pointed out that "in general, the recovery of durable goods orders is still continuing."

US stocks opened lower on Thursday due to weak economic data.

After the release of the durable goods order report, the decline in the treasury bond market narrowed, and the dollar exchange rate declined.

The Labor Department reported that the number of people applying for unemployment benefits for the first time increased by 51000 to 454000 last week, which exceeded expectations.

Durable goods Order Report details

The transportation volume of durable goods increased by 1.4% in December and 0.5% in November.

The transportation volume of core capital equipment increased by 1.7% in December and 1.4% in November. The transportation volume of core capital equipment will be directly included in GDP.

The inventory of durable goods increased by 0.7% in December, which has been growing for 12 consecutive months.

Orders for electronic products excluding semiconductors fell 2.5% in December and rose 0.1% in November. The transportation volume decreased by 2.5%.

Machinery orders increased by 10.6% in December, 0.3% in November and 6.7% in December.

Power equipment orders decreased by 0.1% in December, increased by 8.6% in November, and power equipment shipments increased by 1.8% in December.

Orders for semi-finished metal products fell by 4.7% in December, increased by 13.8% in November, and shipments in December increased by 2.5%. {page_break}

The orders of assembled metal products fell by 1.0% in December, and increased by 2.9% in November. The shipment of assembled metal products increased by 0.7% in December.

The order of defense capital goods decreased by 3.6% in December, increased by 14.7% in November, and the shipment of defense capital goods increased by 1.5% in December. Excluding all defense products, durable goods orders fell 2.5% last month.