Durable Goods Orders Fall Sharply in December

Washington, DC, Jan. 27, 2015 — Durable goods orders fell sharply in December, mostly due to a huge decline in demand for commercial aircraft, according to the Commerce Department.

Orders for durable goods fell 3.4% in December after a 2.1% decline in November.

Demand for commercial aircraft fell 55.5%.

There was also weakness in demand for machinery, computer and primary metals.

Economists had been expecting a small increase for December.