US Durable Goods Orders tumbled in December, according to preliminary data, dropping 2.2% MoM (vs +0.65 MoM expectations). Worse still, November's 1.2% MoM decline was revised down to a 2.0% MoM decline...

The large decline appears to be Boeing related as Ex-Transports, durable goods rose 0.3% MoM as expected with non-defense aircraft and parts orders plunging 45.7% MoM...

The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, increased 0.5% last month after a revised 0.9% jump in November.

The bottom line - who knows? Ignore the noise and all is well. But what if the noise is the signal?

... non-defense aircraft and parts orders plunging 45.7% MoM...
{ai:summary}US Durable Goods Orders fell 2.2% in December, contrary to expectations of a 0.65% increase. November's decline was also revised downward from 1.2% to 2.0%. The drop is largely attributed to a significant decrease in Boeing-related orders.However, excluding transportation, durable goods rose by 0.3%. Core capital goods orders, seen as a gauge for equipment investment, increased by 0.5%, following a revised 0.9% rise in November. The overall economic outlook remains uncertain. #economy

US Durable Goods Orders Tumbled In December As Boeing Bloodbath Continues

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