Trish: Durable Goods Orders Point To More Signs Of Growth

Orders for big-ticket U.S. durable goods increased by the most in six months in January. 

A surge in orders for aircraft helped pull orders up 3.4% in January to a seasonally adjusted $256.6 billion, according to the Commerce Department. Most economists surveyed had anticipated an increase of 1%.

The January increase becomes the ninths straight months of gains and the largest increase (percentage wise) since July 2020. It follows an uptick of 1.2% in December and a gain of 1.3% in the months of November suggesting the U.S. economy is on a healthy trajectory despite the challenges of Covid-19.

Excluding transportation equipment, durable goods orders were still up an impressive 1.4%. Nonetheless, down slightly from the 1.7% gain in December.

- Advertisement -

In sum, a strong report that suggests our economy is on the right trajectory. Strong durable goods combined with greater consumer confidence (which rose in February for the second straight month) is an increasingly positive combination.

 

 

- Advertisement -

SUBSCRIBE TO MY FREE NEWSLETTER

Liberals want to destroy America. Their radical agenda will pack our courts, change the voting laws, and take away our constitutional freedoms. That's why is important to Join My Newsletter and get the news directly from me.

Trish Regan
Trish Reganhttps://trishintel.com
Trish Regan is an award winning financial journalist, an American television talk show host and author who interprets political events through an economic lens.

Related Articles

Stay Connected

137,091FansLike
685,420FollowersFollow
25,543SubscribersSubscribe

Latest Articles

TRISH REGAN NEWSLETTER

Liberals want to destroy America. Their radical agenda will pack our courts, change the voting laws, and take away our constitutional freedoms. That's why is important to Join My Newsletter and get the news directly from me.

- Advertisement -
Let's bring fairness back to our legal system!

If you believe that lawsuit reform is needed, jobs should be kept and want to put a stop to the dishonest practices of greedy trial attorneys, join us in the fight for fairness TODAY.