U.S. December Durable Goods Orders Quick Review

In December, U.S. durable goods orders decreased by 1.4% month-on-month preliminary value, expected to decline by 2%, and the previous value was revised from an increase of 5.3% to an increase of 5.4%; U.S. durable goods orders excluding aircraft and non-defense capital goods increased by 0.6% month-on-month preliminary value, higher than the expected increase of 0.3%, and the previous value was revised from an increase of 0.4% to an increase of 0.8%. The increase in U.S. durable goods orders excluding aircraft and non-defense capital goods exceeded expectations, indicating that capital investment performed robustly at the end of the year against the backdrop of gradually diminishing uncertainty in trade policy. Boeing stated that its aircraft orders in December were higher than a month ago, but these figures do not always correspond exactly with the manufacturer's monthly data