January Durable Orders Decline on Lower Aircraft Orders
urable goods orders dove 10.2% in January from the previous month for the biggest drop in six years, led by a decline in commercial aircraft, the Commerce Department said Friday.
Orders of goods made to last at least three years fell to $207.2 billion, Commerce said. That followed a 2.5% increase in December.
Excluding transportation orders, they rose 0.6% following a 1.9% increase in December.
Transportation equipment orders fell 31.2% following a 3.6% gain in December.
rucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
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