U.S. durable goods new orders slowed down in December

Genevieve Signoret

Businesses

U.S. durable goods new orders surprised to the downside. New orders for core U.S. durable goods contracted by 0.8% y/y (a slower pace of contraction than the 1.3% observed in November). They had been expected to grow by 0.6%. But durable goods are choppy. We prefer to track the core index. Here the news was good: core capital goods accelerated to 2.8% from 0.5% in November. On trend, both durable goods new orders and core capital goods are slowing down.

U.S. durable good new orders slowed down in December