The U.S. economy showed additional signs of slowing in January as demand for expensive goods tumbled and a barometer of capital spending by businesses slumped.

Orders for durable goods fell 5.3% last month to a seasonally adjusted $212.80 billion, the U.S. Commerce Department said Wednesday. Durables, which are goods designed to last at least three years, increased 4.4% in December, revised lower from a previously estimated 5.0% increase.

Wall Street expected a smaller decrease in durable goods orders during January, with economists forecasting a drop of 4%.

Today’s durables data showed a key barometer of business equipment spending — orders for nondefense capital goods excluding aircraft — decreased in January by 1.4%, after rising 5.2% in December. January shipments for nondefense capital goods excluding aircraft rose by 0.1%, after increasing 1.7% in December; the shipments are used in calculating gross domestic product, which is the barometer for economic growth in the U.S.

Demand during January for durable goods in the transportation sector plunged 13.4%, after rising 10.2% in December.

Demand for all durables except transportation goods decreased 1.6% in January. Demand ex-transportation in December had gone 2.0% higher.

January capital goods orders fell by 9.6%. Non-defense capital goods — items meant to last 10 years or longer — dropped by 8.1%.

Defense-related capital goods orders decreased 19.9%. Orders for everything except defense goods slid by 4.7% in January, after going 2.1% higher during December.

Durable-goods shipments of manufacturers increased 1.8% last month. Unfilled orders, a sign of future demand, rose 0.6%; unfilled orders in December, though, had gone up 2.5% and are 18.3% higher for the year. January inventories increased 0.6%.