US Reports January Durable Goods Slide

01 March 2004

US durable goods orders slid for the second time in three months in January, according to new figures from the Commerce Department.

Orders for goods designed to last upwards of three years slipped by 1.8% to $181 billion (€146bn; £98bn) in the first month of the year. This follows a 1.6% rise in December (revised upwards from an initial estimate of 0.3%).

January's decline reflected a 10% slump in transportation orders. However, the value of orders excluding aircraft and defense -- a guide to business investment -- rose by 3.6%.

Data sourced from: The Wall Street Journal Online; additional content by WARC staff