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FX.co ★ U.S. Durable Goods Orders Plummet: A 2% Drop in December

U.S. Durable Goods Orders Plummet: A 2% Drop in December

The latest data update reveals a significant contraction in U.S. durable goods orders outside the defense sector as of December 2024. The Commerce Department's report, released on January 28, 2025, indicates the orders fell by 2.4% month-over-month, marking a steep decline from the previous month's performance of -0.4%.

This downturn suggests a troubling contraction amid the holiday season when consumer and corporate spending typically sees an uptick. The decline underscores challenges in sectors producing long-lasting goods such as appliances, vehicles, and electronics, reflecting broader economic pressures and uncertainties around consumer confidence and industrial activity.

Market analysts are closely monitoring these trends as they may signal further economic volatility. The continued decrease raises concerns about manufacturing output levels and its potential ripple effects on related industries and employment rates in the upcoming months. Policymakers and businesses alike are keeping a close eye on this critical sector as they prepare for strategic adjustments in the face of evolving economic dynamics.

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