Durable Goods Orders Strongest Since June '17

The trend in durable goods new orders continues to be very strong for manufacturing and capital equipment consumption.

(Positive) Real durable goods new orders in December 2017 were $253,518 million. This was the highest level of orders since June 2017 and the second highest since June 2015. June typically has an high order total because of the large European airshow. Outside of June, December’s order total was the highest since September 2014.

Compared with one year ago, durable goods new orders grew 8.9 percent, which was the seventh straight month of growth and the 11th in the last 12. This was the fastest rate of month-over-month growth since June 2017. The annual rate of growth was 4.8 percent, accelerating for the seventh month to its fastest rate since August 2014. 

Motor vehicle and parts orders increased just 0.3 percent compared with one year ago, growing for the sixth time in eight months. Annually, order growth accelerated at its fastest rate since June 2016.

Aerospace orders increased 54 percent in December compared with one year ago, growing more than 21 percent for the fourth time in five months. Annually, the rate of growth accelerated to 13.9 percent, growing for the third time in four months. This was the fastest rate of annual growth since October 2014.

The trend in real durable goods new orders is very positive for capital equipment consumption in 2018.

Accelerating Growth: aerospace, computers/electronics, construction materials, durable goods, fabricated metal products, HVAC, machinery/equipment, motor vehicle/parts, oil/gas-field/mining machinery, off-road/construction machinery, power generation, primary metals, total capital goods

Decelerating Growth: 

Decelerating Contraction: 

Accelerating Contraction: appliances, ship/boat building


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