The Durable Goods, advance report shows new orders increased by 3.7% for September 2013, but the gains are due to volatile aircraft and parts orders. Without transportation orders, which aircraft is a large part, durable goods new orders fell by -0.1%. Shipments increased by 0.2% and are at a record high level.
The Durable Goods, advance report shows new orders increased by 4.2% for June 2013. While the headline number sounds great, not so fast, the gains are on volatile aircraft new orders. Shipments did not change. Aircraft and parts new orders from the non-defense sector increased 31.4%. Aircraft & parts from the defense sector increased 18.7%. Excluding all transportation, which includes aircraft, new orders came in at zero. In other words, without transportation new orders didn't grow at all.
The Durable Goods, advance report shows new orders increased by 3.3% for April 2013. Wall Street soars, yet the gains are on volatile aircraft new orders. Aircraft and parts new orders from the non-defense sector increased 18.1% and jumped 53.3% from the defense sector. Excluding all transportation, new orders rose 1.3%. Core capital goods new orders increased 1.2%.
The Durable Goods advance report shows new orders declined by -5.2% for January 2013. But that's not the real story as Defense new orders plunged the most since January 2009. Without defense, durable goods new orders the January decline would have been just -0.4%.
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