Preliminary review of durable goods orders in December in the United States.
In December, US durable goods orders fell by an initial 1.4% from the previous month, less than the expected 2% decrease, and the previous value was revised up from a 5.3% increase to a 5.4% increase; US durable goods orders excluding aircraft and defense capital goods rose by an initial 0.6% from the previous month, beating expectations of a 0.3% increase, and the previous value was revised up from a 0.4% increase to a 0.8% increase. The increase in US durable goods orders excluding aircraft and defense capital goods in December exceeded expectations, indicating a solid performance in year-end capital investment amid decreasing trade policy uncertainty. Boeing stated that its aircraft orders in December were higher than the previous month, but these data do not always perfectly align with the manufacturer's monthly figures.
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