MISS: DURABLE GOODS ORDERS PLUNGE 5.2%!!!

zerohedge‏@zerohedge

Durable Goods -5.2%, Exp. -4.8%

BOOM: KEY DETAIL IN DURABLE GOODS REPORT EXPLODES! Durable goods orders data for January are out.

Orders decreased 5.2 percent, worse than expectations of a 4.8 percent decline.

The drop was led by orders for defense aircraft and parts.

However, nondefense orders excluding aircraft (core capex) rose 6.3 percent, way above expectations of no growth.

Durable goods orders excluding all transportation equipment rose 1.9 percent, exceeding expectations of a 0.2 percent gain.

Shipments of nondefense orders excluding aircraft and parts fell 1 percent. Economists predicted a 1.3 percent decline.
New Orders

New orders for manufactured durable goods in January decreased $11.8 billion or 5.2 percent to $217.0 billion, the U.S. Census Bureau announced today. This decrease, down following four consecutive monthly increases, followed a 3.7 percent December increase.

Excluding transportation, new orders increased 1.9 percent. Excluding defense, new orders decreased 0.4 percent.

Transportation equipment, down three of the last four months, drove the decrease, $14.7 billion or 19.8 percent to $59.7 billion. This was led by defense aircraft and parts, which decreased $5.1 billion.

Shipments

Shipments of manufactured durable goods in January, down following four consecutive monthly increases, decreased $2.7 billion or 1.2 percent to $226.1 billion. This followed a 0.5 percent December increase.

Transportation equipment, down following two consecutive monthly increases, had the largest decrease, $1.6 billion or 2.3 percent to $64.7 billion. This followed a 0.8 percent December increase.


Read more: [link to www.businessinsider.com]

Yeah, but the housing data was 'good' so party on!

Good catch, Luisport.

WASHINGTON (MarketWatch) - Orders for big-ticket U.S. goods slumped 5.2% in January because of sharp declines in bookings for commercial and defense aircraft, but orders minus the volatile transportation sector rose for the fifth straight month, the government reported Wednesday. Economists surveyed by MarketWatch had expected orders to drop 5.0%. Stripping out the herky-jerky transportation sector, orders climbed 1.9%, the fastest rate in more than a year, according to Commerce Department data. Orders for machinery were particularly strong, climbing 13.5%, but demand for autos was flat and bookings for computers fell. Orders for core capital goods, a key barometer of private-sector business investment, jumped 6.3% to mark the largest rise in more than two years. Yet shipments of core capital goods, a category used to calculate quarterly economic growth, dipped 1.0% in January. Orders for December, meanwhile, were revised down to a 3.7% increase from a prior reading of a 4.3% gain.
[link to www.marketwatch.com]

Thank's! By the way how is the BDY?

Uh oh, stocks will likely rise on QE overdose hopes

It’s just a guess but I think we will have negative growth for the first quarter of 2013. Housing may be up a little but when you take 2.6% of the payroll out of the economy and take another 7% to 8% out for higher fuel prices it hads to effect things like durable goods orders

zerohedge‏@zerohedge

Goldman cuts Q1 GDP forecast from 2.6% to 2.4% on drop in capital goods shipments

put on your seat belts this is it.

not going to be able to hide this much longer

They allready gave the Blacks Obamaphones,now all they have to do is give the leaches a bunch of flat screens and durable orders will jump right back

Business Insider‏@businessinsider

BOOM: PENDING HOME SALES SURGE 4.5% (Est. +1.9%) [link to read.bi]