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%