Friday January 21st, 2014
New orders for durable goods unexpectedly dropped 4.3% in December a.. US new orders for factory durable goods dropped 4.3% in December, well-below market expectations for a 1.8% increase. The drop more-thanretraced a revised 2.6% (was 3.4%) jump in November.
the BEA’s quarterly estimate of business equipment investment dipped a more modest 0.2% after rising 2.3% (was 2.7%) in November
We expect the strengthening, along with indications of solid consumer spending growth, to offset a partial unwind of a surge in Q3 business inventories resulting in overall Q4 GDP growth of 3.3%, down surprisingly modestly from the 4.1% surge in Q3.
d.. While the drop in core nondefense capital goods ex-airb.. Market expectations were craft orders in December could premised in part on anecdotal cause some concern about the reports of rising aircraft orders pace of business investment Implications that were not evident in today’s entering 2014, the monthly data report with the volatile aircraft is highly volatile suggesting not New orders for durable goods component dropping 16.8% too much should be read into surprisingly dropped 4.3% in in December. With that said, one report. A more modest drop December following a downexcluding the transportation in the typically more stable wardly revised 2.6% (was component, orders were still core shipments measure fol- 3.4%) gain in November. The down 1.6% which was well- lowed solid increases in earlier December reading was wellbelow market expectations for months to leave that measure below market expectations for a 0.6% gain. still up an annualized 6.5% in a 1.8% increase in the month. Q4 as a whole. This marked a Part of the weakness reflected c.. The key orders of nonde- significant improvement from a 16.8% drop in the aerospace fense capital goods excluding the 2.1% and 0.9% increases component that was surprisaircraft component dropped in Q3 and Q2, respectively, ing given a solid increase in 1.3%, retracing about half of a and remains consistent with Boeing orders earlier reported. downwardly revised 2.6% (was our forecast that equipment Orders of motor vehicles also 4.1%) surge in November. The investment fell,YEAR however, dropping 5.8% WISHING EVERYONE A growth HAPPY NEW strengthkr qusIN corresponding shipments mea- ened to a 7.0% rate in Q4 fol- in December and jy excluding sure, which enters directly into lowing a 0.2% increase in Q3. the entire transportation sec-
tor orders declined 1.6%, below expectations for a 0.6% increase, following a revised 0.1% increase in November that is much smaller than the previously reported 1.2% gain. The key orders of nondefense capital goods excluding aircraft component dropped 1.3%, retracing about half of a downwardly revised 2.6% (was 4.1%) surge in November. The corresponding shipments measure, which enters directly into the BEA’s quarterly estimate of business equipment investment dipped a more modest 0.2% after rising 2.3% (was 2.7%) in November
one report. A more modest drop in the typically more stable core shipments measure followed solid increases in earlier months to leave that measure still up an annualized 6.5% in Q4 as a whole. This marked a significant improvement from the 2.1% and 0.9% increases in Q3 and Q2, respectively, and remains consistent with our forecast that equipment investment growth strengthened to a 7.0% rate in Q4 following a 0.2% increase in Q3. We expect the strengthening, along with indications of solid consumer spending growth, to offset a partial unwind of a surge in Q3 business inventories resulting in overall Q4 GDP growth of 3.3%, down surprisingly modestly from the 4.1% surge in Q3.
While the drop in core nondefense capital goods ex-aircraft orders in December could cause some concern about the pace of business investment enter- RBC contacts: ing 2014, the monthly data is Nathan Janzen, Economist Gr, kmrSIAl highlyPwrm volatilejWsuggesting not pRwprtI KrIdxI jW vycxI too much should be read into
RESIDENTIAL*rYjIfYNSIAl- COMMERCIAL*kmrSIAl- AGRICULTURE*AYgrIklcrl
KULDIP SALL 778•552•1454
77956 20 Dec 2013 NEW LISTING
ED UC D RE
5 bedroom, 3 bath, split entry 2900 sqft home in West Abbotsford, close to Mill Lake, elementary and high school, Safeway, Pricemart, Seven Oak mall, easy access to Freeway.
Bear Creek Green Timber
Well kept very clean 2 storey basement entry home, 3 bedrooms upstairs & 1 bedroom walkout basement suite, close to both schools, bus stop, skytrain, shopping center, hospital, lots of updates has been done. Huge square and leveled yard. Please call for more information.
Seller Is Willing To Trade With House
$289,800 TOWN HOUSE ABBOTSFORD
Under construction, opportunity to pick your own colors etc, 3 storey(2storey with basement) 5 bdrm, 5 full bath, Porch entry, Family room & dining room is open to above, central location, close to mill lake park & easy access to freeway. For more information $559,000 please call. Including Tax
D L O S
COACH HOUSE PRICE REDUCED
Well maintained, 2 Storey with basement, 4 Bedrooms, 2 bathrooms, 1900 sq.ft in well maintained to schools, shoppings, Mill Lake park, Hospital, for more information please call.
WEST ABBOTSFORD - NEW LISTING
2 STOREY WITH BASEMENT
2 storey with basement extra clean home in West Abbotsford with Legal Suite, rec room. For more info please call Kuldip Sall.
D L O S COMMERCIAL I2 ZONING Commercial I2 zoning in West Abbotsford for sale or Lease. Please contact for more information.
D L O S
Great opportunity for first time buyer. This home is fully updated beautiful 3 level split home has 4 bedrooms, 2 full bathrooms. Lots of parking.
2 Storey with basement, 5 bedrooms plus study room, 5 bath, coach house, Big Theater room with bar, in East Newton, central location. 2-5-10 warranty. Please call for more information $624,888
D L O S
4bdrms, 4bath, brand new townhouse in West Abbotsford, close to High Street Mall, easy access to highway.
D L O S SURREY $549,888
5 Bedroom, 4 bath, 8027 sqft LUC lot, 1+1 bedroom two suites, both are rented, close to school, bus stop, hospital, shopping center, Please call for more information.
WEST ABBOTSFORD WEST ABBOTSFORD - NEW LISTING
ED UC D E D E R UCE C I D R P RE ICE R P
kuldIp isMG s`l
OLD S Kitchen Cabinet Business For Sale
5 BDRM, 4 bath, 2 storey with bsmt. Legal suite in west abottsford. Close to shopping ctr. Easy access to freeway.
Dream home with
Legal suite in quite cul-de-sac, 5 bdrm 3 Quiet Cul-de- sac town house, convenient location! bath, real hardwood, ceramic tiles 3 blocks to shopping. 4 bdrm, 2 bath, 4 yr old roof, fenced yard to enjoy flooring, paint, carpet are just couple yrs BBQ’s & perfect for kids to play. Corner Unit nicely maintained. For old. For more info please call Kuldip Sall more info. Call YourOwnRealtor Kuldip Sall
D SOL Kitchen cabinet running business for sale in Abbotsford, all machines included, Reasonable rent, please call for more information.
A well kept home in a CDS. Very beautiful renovated kitchen and bathrooms. Lots of parking in side of the house. Bsmt has a fully finished unauthorized 2 bedroom suite.
CALL 778•552•1454 FOR FREE MARKET EVALUATION!!