Strong jump in durable goods orders thanks to flying

(Washington) Durable goods orders rose in January in the US, surpassing expectations and the pre-pandemic level thanks to new orders that have risen sharply in the civil and military aviation sector.

France Media

Orders rose 3.4% in January compared to December, according to data released on Thursday by the Commerce Department, when analysts expected a modest increase of 1.2%.

It accounted for $ 256.6 billion in seasonally adjusted data, the highest since September 2018, compared to 248.1 billion in December, according to an upwardly revised figure.

The increase was attributed to the transportation sector, where new orders jumped 7.8%, as indicated by the Ministry of Commerce in its press release. In detail, the aviation sector, both civil and military, recorded strong increases, while the automobile sector declined slightly.

Excluding transportation, new durable goods orders increased only 1.4% from December.

Goods that are considered durable are those that have been used for a period of three years or more by individuals or companies.

These include, for example, cars, household appliances or electronics, but also tools or jewelry and musical instruments, as well as all machinery used in factories.

They represent big investments, and their good health attests to the confidence of families and business leaders in the economy.

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