US New Orders for Durable Goods Unexpectedly Dropped 4.3% in December

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New orders for durable goods surprisingly dropped 4.3% in December 2013 following a downwardly revised 2.6% (was 3.4%) gain in November. The December reading was well below market expectations for a 1.8% increase in the month. Part of the weakness reflected a 16.8% drop in the aerospace component that was



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