Steel Mills
Durable Goods Rebound in December
January 26, 2023
New orders for US-manufactured durable goods increased 5.6% in December month over month to $286.9 billion, according to the US Census Bureau. They have been up four of the last five months, with the exception of a 1.7% decline in November.
Transportation equipment drove the increase, rising 16.7% to $108.1 billion, Census noted.
New orders for primary metals stood at $20 million last month, down 0.3% from $20.1 million in November. New orders for fabricated metal products were $36.5 million, up 0.3% from $36.3 million in the same comparison.
Click here for more detail on the December advance report from the US Census Bureau on durable goods manufacturers’ shipments, inventories, and orders. See also Figure 1 below.
By Ethan Bernard, ethan@steelmarketupdate.com
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