Durable Goods Orders Increased in February

New orders for manufactured durable goods increased 1.7% in February to $235.4 billion, following a 2.3% January increase, according to the U.S. Census Bureau.

New orders excluding defense rose 2.1% on the month, as orders of nondefense capital goods increased 4.1% to $72.9 billion.

Shipments of manufactured durable goods increased 0.3% to $239.2 billion.

Inventories of manufactured durable goods rose 0.2% to $385.1 billion, following a 0.1% January increase.

Read the Census release.