REUTERS/Jim Young
A customer walks past a display of refrigerators at a Sears store in Schaumburg, Illinois.
The consensus estimate of market economists polled by Bloomberg is that total orders rose 1.8% in December after expanding 3.4% in November.
Growth in durable goods orders excluding transportation goods is likewise expected to have slowed to 0.5% in December from 1.2% the month before, while growth in orders of nondefense capital goods excluding aircraft is expected to have slowed to 0.3% from 4.1% and growth in shipments of nondefense capital goods excluding aircraft is expected to have slowed to 0.1% from 2.8%.
The expiration of investment tax credits at year-end likely boosted November orders, and may provide upside risk to December forecasts as well.
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