Durable Goods Orders Grow in January

(Positive) Real durable goods new orders in January 2017 were $208,582 million. Compared with one year ago, durable goods new orders grew 1.2 percent, which marks the fourth month of growth in the last six months. Also, this was the fastest rate of growth since August 2016. The annual rate of change, now -0.5 percent, contracted at its slowest rate since orders began contracting in July 2015.

Motor vehicle and parts orders grew for the third month in a row, growing at their fastest rate since August 2016 in January. The annual rate of growth has flattened the last three months. It looks like annual MV&P orders could start to accelerate in the next couple of months.

Aerospace orders hace contracted more than 22 percent in seven of the last eight months. The annual rate of contraction accelerated for the sxith month in a row.

Accelerating Growth: construction materials, fabricated metal products, motor vehicle/parts, ship/boat building

Decelerating Growth: electronics/computers/electronics

Decelerating Contraction: appliances, durable goods, HVAC, machinery/equipment, oil/gas-field/mining machinery, off-road/construction machinery, power generation, primary metals

Accelerating Contraction: aerospace, capital goods