Durable Goods Orders up 4.6% for December

New orders for manufactured durable goods rose 4.6% to $230.7 billion for December, according to a Commerce Department report [link opens in PDF] released today. This news reaffirms a steady rise in durable goods, with increases in new orders for seven of the last eight months. In November, new orders bumped up 0.7%.

This newest report far exceeded analyst expectations of a modest 1.6% rise for December. Excluding transportation goods, new orders improved 1.3%, again beating Wall Street's expectations of a 0.4% rise. 

Shipments of manufactured durable goods also increased 1.3% to $230.6 billion, and unfilled orders bumped up 0.8% to $992 billion. Meanwhile, inventories reversed their 14-month rise with a minor $100 million decrease to $374.5 billion.

Comparing 2012 to 2011, new orders of motor vehicles and parts showed the largest increase, up 11.6%. Meanwhile, new orders for computers and electronic products fell 11.4% year-over-year. Total new orders for durable goods were $2.7 trillion in 2012, up 4.1% from the previous year.


Source: Census.gov.


The article Durable Goods Orders up 4.6% for December originally appeared on Fool.com.

You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.