Market Updates
Durable Goods Orders Dropped In January
Brian Turner
27 Feb, 2023
New York City
Durable goods orders declined in January 4.5% from the previous month, according to the latest data released by the U.S. Census Bureau.
December durable goods orders were downwardly revised to an increase of 5.1% on the 13.3% plunge in transportation orders.
Shipments of manufactured durable goods in January decreased 0.1%, down following sixteen consecutive monthly increases. This followed a 0.4% increase in December.
Transportation equipment fell 1.7%, down following ten consecutive monthly increases.
Orders for durable goods increased 3.0% from a year ago in January and shipments rose 7.6% in the same period.
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