New Orders in Durable Goods, advance report, dropped -4.0% for January 2012. December durable goods new orders jumped by 3.2%, revised. While some will blame a business tax credit expiration, this report is across the board bad news.
The Manufacturers’ Shipments, Inventories and Orders for November 2010 was released today. New orders overall increased 0.7%. Removing transportation (which includes aircraft) from the numbers, new orders increased 2.4%. This report is commonly referred to as Factory Orders in the press and refers to domestic manufactured goods, both durable and non-durable.
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