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WASHINGTON (MarketWatch)— “Orders for U.S-made durable goods soared 3% in January to a seasonally adjusted $175.7 billion on higher bookings for civilian airplanes, theCommerce Department estimated today. The 3% gain in orders was the biggest gain since July. December’s orders were revised sharply higher as well to a 1.9% increase compared with the 1% gain reported last month.”MP:New orders for durable goods in January reached the highest level ($175.7 billion) since November 2008 (see top chart above). The 12-month percentage change in January of 10.2% was the highest annual increase in new orders for durable goods and equipment from U.S.manufacturerssince September 2006, more than three years ago, and also marked the 7thconsecutive monthly improvement for new orders (see bottom chart above). Add this to the growing list of V-shaped signs of economic recovery, especially in the manufacturing sector.
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