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. Tyler Durden Tue, 01/28/2020 - 08:39 Tags Business Finance