New Orders rise 3.5%, beats expectations

Nov Durable Goods: +3.5% vs. +1.5% expected, -0.7% prior (revised).

Ex-transport +0.3% vs. +0.8% expected, +0.7% prior (revised).

Comments (2)
  • Land of Milk and Honey
    , contributor
    Comments (9077) | Send Message
    Excluding transportation it's much lower?


    What's excluded? Auto, Airtravel? That big beat is all on auto inventory buildup, and air travel equipment purchases?


    Add: In a later market current's blurb, the numbers are much different. Typo here?


    1.2% gain ex-transports is the best print since May. Orders for core capital goods - a proxy for business investment - roe 4.5%, the highest number since January.
    24 Dec 2013, 08:41 AM Reply Like
  • Joe Eifrid
    , contributor
    Comments (356) | Send Message
    "Congress extended bonus depreciation and more robust Section 179 expensing through year-end 2013 as part of last January’s fiscal cliff deal, and now as the deadline is approaching, small business owners are looking anew at capital purchases. If you’re on the border line of whether you’re going to make some capital asset acquisition this year or next, you might want to accelerate it into this year."
    24 Dec 2013, 09:31 AM Reply Like
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