US capital goods orders Rise for the eighth consecutive month

The US Commerce Department said today that US core capital goods orders rose 0.6% in December versus 1.0% in November, and year over year, core capital goods orders rose 1.8% in the twelve months to December. Durable goods orders rose 0.2% in December after rising 1.2% in November, and shipments of core capital goods that are used to calculate spending on equipment in measuring the government's GDP rose 0.5% in December versus 0.5% in November. Orders for cars and parts increased by 1.4% in December versus 2.8% in November while orders for transportation equipment decreased by 1.0% in December versus 1.9% in November and civilian aircraft orders decreased by 51.8% in December.