Reply #13: Durable Goods numbers, excluding aircraft, fell 2%

[UpInArms]

8:30am 12/23/05 U.S. OCT. DURABLE ORDERS REVISED TO RISE 3.0% VS 3.7% PREV

8:30am 12/23/05 U.S. NOV. DURABLE-GOODS INVENTORIES UP 0.5%

8:30am 12/23/05 U.S. NOV. DURABLE-GOODS SHIPMENTS FALL 0.2%

8:30am 12/23/05 U.S. NOV. DURABLE-GOODS RISE LARGEST SINCE MAY

8:30am 12/23/05 U.S. NOV. DURABLE-GOODS ORDERS UP 4.4% VS RISE 1.5% FORECAST

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38709.3544801736-855470403&siteID=mktw&scid=0&doctype=806&

WASHINGTON (MarketWatch) - Led by demand for transportation equipment, orders for new U.S.-made durable goods jumped 4.4% in November. The increase was much larger than forecast. Economists were expecting orders to rise 1.5%. However, excluding transportation orders, durable good orders fell 0.6% in November, the third straight monthly drop. Orders for core capital goods equipment fell 2.0% in November. Shipments of durable goods fell 0.2% in November after a 1.2% gain in October.

:wtf:

Shipments fall, orders are up and inventories rise - and it's all in the "transportation equipment"?

editing to add the following:

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-12-23T134950Z_01_NAT001931_RTRIDST_0_MARKETS-BONDS-DURABLES-URGENT.XML

excerpt:

Overall, durable goods orders rose 4.4 percent in November, easily exceeding economists' expectations of 1.0 percent growth and topping October's downwardly revised 3.0 percent growth. The number reflected soaring orders for commercial aircraft.

But non-defense capital orders excluding aircraft, considered a reliable measure of business investment, dropped 2 percent in November versus October's downwardly revised 1.2 percent growth.

Something's confusing here - will see if I can find more info.