U.S. durable-goods orders jump 5.6% — but it’s not as good as it looks
The numbers: Orders for manufactured goods jumped 5.6% in December because of a flush of new contracts for Boeing passenger planes, but business investment was weak again in another sign of a corroding U.S. economy.
If transportation is set aside, new orders fell 0.1% last month. What’s more, a key measure of business investment also declined for the second time in four months. Outside of transportation, new orders declined for the second time in four months and only the third time since 2021. Bookings fell in most other major categories.
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