New orders for all factory goods in December grew a scant 0.1% after a decline of 0.5% in November and down 2.1% in October. The narrow increase reflected the 1.2% increase in new orders for durable that was powered by a surge of 28.4% in nondefense aircraft. Transportation orders as a whole were up 3.2%, while orders excluding transportation was up only 0.1%. Nondurable orders were down 1.0%, mainly on a 4.5% decline in petroleum and coal products which prices continued to fall into December.
The leveling off of new orders late in the year does not change the generally strong fundamentals. New orders were up 7.4% overall from a year ago, with durables a strong up 8.0%, with nondurable sup 6.8%.
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