{"id":110420,"date":"2021-01-27T16:38:44","date_gmt":"2021-01-27T16:38:44","guid":{"rendered":"https:\/\/precoinnews.com\/?p=110420"},"modified":"2021-01-27T16:38:44","modified_gmt":"2021-01-27T16:38:44","slug":"us-durable-goods-orders-show-modest-0-2-december-gain","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/economy\/us-durable-goods-orders-show-modest-0-2-december-gain\/","title":{"rendered":"US durable goods orders show modest 0.2% December gain"},"content":{"rendered":"
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.\n<\/p>\n
Orders to U.S. factories for big-ticket manufactured goods rose a modest 0.2% in December, held back by a big drop in the volatile aircraft sector. A key category that tracks business investment decisions slowed.<\/p>\n
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The rise in orders for durable goods, items expected to last at least three years, followed much stronger increases of 1.2% November and 1.8% in October, the Commerce Department reported Wednesday.<\/p>\n
CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n Orders for commercial aircraft, hard hit because of the sharp drop in air travel during the pandemic fell 51.8% in December. Separately, Boeing reported Wednesday that it lost $8.4 billion in the fourth quarter, capping a record loss for all of 2020.<\/p>\n A category that covers business investment plans rose 0.6% following bigger gains of 1% in November and 1.7% in December.<\/p>\n Economists had expected total orders would post a stronger advance of around 1% in December but noted that the overall gain was held back by the big drop in aircraft orders. Excluding transportation orders, total orders rose 0.7% in December, and that followed a 0.8% rise in November.<\/p>\n\n\n
\n \nTicker<\/th>\n Security<\/th>\n Last<\/th>\n Change<\/th>\n Change %<\/th>\n<\/tr>\n<\/thead>\n \n BA<\/td>\n BOEING COMPANY<\/td>\n 196.75<\/td>\n -5.16<\/td>\n -2.56%<\/td>\n<\/tr>\n \n Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n