Quick Review of U.S. Durable Goods Orders for December

Glonghui, February 18｜The preliminary value of U.S. durable goods orders for December decreased by 1.4% month-on-month, compared to an expected decrease of 2%. The previous value was revised from a 5.3% increase to a 5.4% increase. The preliminary value of U.S. non-defense capital goods orders excluding aircraft for December increased by 0.6% month-on-month, exceeding the expected increase of 0.3%. The previous value was revised from a 0.4% increase to a 0.8% increase. The growth in U.S. non-defense capital goods orders excluding aircraft for December exceeded expectations, indicating that capital investment remained robust at the end of the year as trade policy uncertainties gradually diminished. Boeing stated that its aircraft orders in December were higher than a month earlier, but these figures do not always correspond exactly with the manufacturer's monthly data.