Boeing Implosion Leads To Worst Aircraft Orders In 11 Years, With GDP Collapse On Deck

After November’s big downside surprise in Durable Goods Orders, analysts hoped for a modest rebound in December but preliminary data showed a huge rebound (up 2.4% MoM vs +0.3% MoM expected).

Additionally the 2.1% drop in November was revised even further down to -3.1% MoM.

Source: Bloomberg

Motor Vehicles and Parts orders plunged YoY..

However, if we remove Defense spending (a 168.3% surge in Defense Aircraft New Orders), durable goods orders remain ugly…

Source: Bloomberg

Thanks to a 75% collapse in Non-Defense Aircraft New Orders…its lowest level since 2009 as Boeing implodes.

Source: Bloomberg

There goes GDP!

None of which should be a surprise, as we noted previously, Boeing’s production cuts will cut Q1 GDP growth by a third.

Source Article from

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