EmailManufacturing orders increased 1.1% in December, down from 2.2% growth in November. The Briefing.com consensus expected manufacturing orders to increase 1.5%.
Durable goods orders were unrevised from the advance report and increased 3.0% in December. A significant portion of the orders gain came from an 18.9% increase in aircraft orders.
Excluding transportation, durable orders increased 2.2%, up from 2.1% in the advance report.
Nondurable goods orders declined 0.4% as petroleum refinery orders slipped 2.1%.
Orders for nondefense capital goods excluding aircraft, a proxy for business investment, were revised up from 2.9% in the advance report to 3.1%. Shipments were also revised up from 2.9% to 3.1%, which bodes well for the second estimate of Q4 GDP.
