US capital goods orders Rise for the eighth consecutive month

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.