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    January 29, 2014

    Durable Goods Report for December

    Written by Peter Wright

    Durable goods orders declined in December as did the three month moving average. Not a cause for concern at this point because even the 3MA of this indicator tends to be quite erratic (Figure 1).  The year over year growth rate of the 3MMA declined from 7.9 percent in November to 5.1 percent in December. Of the B$10.3 decline in December, B$3.8 was in civil aircraft and parts which are a highly volatile component. Shipments were also down in December but unfilled orders and inventories both increased to the highest levels since 1992 when this series was first published.

    The Census Bureau press release issued today read as follows:

    Peter Wright

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    SMU’s November ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys, contact smu@crugroup.com.

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