Census: December durable goods orders up 4.6 percent
The value of new orders in durable goods to manufacturers increased 4.6 percent in December as compared with the previous month, according to the U.S. Census Bureau.
Manufacturers received orders for durable goods worth $230.7 billion in December, up from $220.7 billion in November, according to the Census Bureau. Shipments were valued at $230.6 billion, a 1.3 percent increase over November.
Full-year orders in durable goods were worth $2.6 trillion, or 4.1 percent more than in 2011, according to the bureau. Manufacturers shipped $2.7 trillion worth of goods last year, or 7 percent more than 2011.
If orders for defense industries are excluded, manufacturers took orders in durable goods worth $2.5 trillion last year, a 4.4 percent increase from the previous year. Shipments were worth nearly $2.6 trillion, a 7.5 percent increase.
Significant changes in shipments for the year included:
• Nondefense aircraft and parts, 22.7 percent.
• Motor vehicles and parts, 12 percent.
• Transportation equipment, 11.2 percent.
• Computers and related products, -12.2 percent.
• Communications equipment, -4.8 percent.