Durable Goods Orders Fell Sharply in January

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Durable goods orders fell sharply in January. Dean Baker of CEPR pointed this out in his blog today.  New orders for durable goods fell by an amazing 4.0% in January.  This was a broadly based decline, ranging from -19.0% for nondefense aircraft and parts to -1.9% for e0lectrical equipment, appliances, and components.  The only significant bright spot was defense capital goods which rose 17.7%.

As a service to readers, click here to download an Excel workbook with the raw data.  I have created an additional worksheet that contains only the new orders data.  (The original Census data combines shipments and new orders on a single worksheet, making the analysis of only new orders difficult.)

Thanks, Dean.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.