New orders for manufactured durable goods in January 2013 decreased 5.2 percent, to $217 billion. Excluding transportation, new orders rose 1.9 percent. Overall shipments decreased 1.2 percent. Shipments of capital goods fell 2.8 percent. Unfilled orders declined 0.2 percent. Inventories increased 0.2 percent in January.
Advance Report on Durable Goods is a monthly report, with revisions, released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the Census Bureau, of the number of orders for a broad range of products—from computers and furniture to autos and defense aircraft—with an expected life of at least three years.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc. Bryant provides independent, fee-only, financial planning services for individual investors. Since 1999, Chris has devoted himself to helping people make money, save money, protect money, have convenience and peace of mind. He is the author of the new book, Personal Financial Planning. Connect with Chris by E-mail or call toll-free 1-800-980-3048.
Chris Bryant is an American financial advisor.