Today, the U.S. Census Department released its advanced monthly Durable Goods Manufacturers’ Shipments, Inventories and Orders Report for December showing new orders for durable goods declining a notable 5.1% from November and falling -0.58% below the level seen in December 2014.
Much of the weakness came from the sub-components of new orders of non-defense aircraft parts (down 29.4%), communications equipment (down 20.5%), capital goods (down 18%), transportation equipment (down 12.4%), machinery (down 5.6%),
