Market Updates
Durable Goods Orders and Shipments Advanced In February
Brian Turner
26 Mar, 2024
New York City
Durable goods orders rose 1.4% from the previous month and increased 1.8% from a year ago in February, from the downwardly revised fall of 6.9% in the previous month, the U.S. Census Bureau reported Tuesday.
Excluding transportation, new orders increased by 0.5%, and excluding defense, new orders increased by 2.2%.
Transportation equipment, also up following two consecutive monthly decreases, increased by 3.3%.
New orders for non-defense capital goods after excluding aircraft, generally viewed as a barometer for business spending, increased 0.7% after falling 0.4% in January.
Non-defense capital goods, excluding aircraft, increased 1.3%, and shipments rose 3.4% from a year ago.
Shipments of manufactured durable goods in February, up following two consecutive monthly decreases, increased 1.2% from the previous month of 3.4% from a year ago.
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