US Durable Goods Orders dropped 1.4% MoM in preliminary December data (slightly better than the 2% decline expected) but well down from the +5.4% MoM surge in November…
Source: Bloomberg
The headline orders print was restrained by a decline in orders for aircraft.
Boeing said it received more orders for its planes in December than a month earlier, but the data don’t always correlate with the planemaker’s monthly figures.
That leaves Durable Goods Orders up 12.5% YoY in 2025 – one of the biggest annual increases ever.
Meanwhile, Core Durable Goods Orders (ex Transports) rose 0.9% MoM (triple the +0.3% MoM expected) and the ninth straight monthly increase…
Source: Bloomberg
Core Orders are up over 5% YoY in 2025 – the best YoY gain since Oct 2022 (and best annual gain since 2021).
Today’s data also showed the value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, surged by dramaticallly larger-than-forecast 0.9%.
Tyler Durden
Wed, 02/18/2026 – 08:41
