Durable Goods Orders Retreat in December
January 27, 2011 at 11:50 AM EST
New orders for durable goods dropped by 2.5% last month, the third monthly decline in a row. Excluding the volatile transportation sector, however, new orders rose slightly in December. Fortunately, the broad trend is still encouraging. On a rolling 12-month basis, durable goods orders are still comfortably in positive territory, as the chart below shows. [...]