Core Durable Goods Orders Tumble Most In A Year

While headline durable goods orders showed a 2.9% MoM surge, but away from aircraft orders and war-spending, capital goods orders dropped 0.3% MoM in December - the most in 12 months.

 

 

But this surge was all thanks to aircraft and war-spending:

  • Bookings for commercial aircraft climbed 15.9% MoM
  • Orders for Aircraft Engine and Enegine Parts rose 24.4% MoM
  • Defense capital goods orders increased 19.5% MoM
  • Defense aircraft and parts soared 55.3% MoM

 

So, at the core, orders tumbled most in a year...

In other words, we're gonna need more war to get that GDP up over 3.0%...