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Durable goods orders sank in December

New orders for U.S. manufactured goods fell unexpectedly by 2.5 percent in December on a huge drop in civilian aircraft orders, a government report showed on Thursday.
/ Source: Reuters

New orders for U.S. manufactured goods fell unexpectedly by 2.5 percent in December on a huge drop in civilian aircraft orders, a government report showed on Thursday.

When volatile transportation orders were stripped out, durable goods orders rose 0.5 percent, the Commerce Department said, though this was a smaller rise than expected. Analysts polled by Reuters were expecting durables orders excluding transportation to gain 0.8 percent.

Civilian aircraft orders fell 99.5 percent.

Capital goods orders excluding aircraft, a closely watched proxy for business spending, rose 1.4 percent in the month, slightly less than the 1.5 percent rise expected by analysts.