US Core Durable Goods Orders Jump Higher, Indicating Expansion in Manufacturing - Forex News by FX Leaders
US December Durable Goods Orders Report

US Core Durable Goods Orders Jump Higher, Indicating Expansion in Manufacturing

Posted Wednesday, January 27, 2021 by
Skerdian Meta • 1 min read

The US economy has been performing better than almost all developed economies after the reopening in summer last year, following the coronavirus lock-downs. Manufacturing has been surging higher in recent months, which has been also shown by the stronger durable goods orders reports of the same period. Today’s report showed that the headline orders cooled off while core orders which show the real picture increased.

 

US December Durable Goods Orders Report

  • December prelim durable goods orders +0.2% vs +1.0% expected
  • November headline orders were +1.0% (revised to +1.2%)
  • Core orders excluding transportation for December +0.7% vs +0.5% expected
  • November core orders were +0.4% (revised to +0.8%)
  • Capital goods orders non-defense ex-air +0.6% vs +0.6% expected
  • Prior capital goods orders non-defense ex-air +0.5% (revised to +1.0%)
  • Capital goods shipments non-defense ex-air +0.5% vs +0.6% expected
  • Prior capital goods shipments non-defense ex-air +0.5%
The headline is soft but core orders were in-line along with a good-sized boost to the November number. Overall, this is another report that highlights that the manufacturing sector is in good shape.
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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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