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Home Economy

Durable Goods Orders Rose 3.1% in February

March 23, 2018
Reading Time: 1 min read

New orders for manufactured durable goods increased 3.1% in February to $247.7 billion, following a 3.5% January decline, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 7.1% to $83.5 billion over the month.

New orders excluding defense increased 2.5% on the month, while orders of nondefense capital goods gained 4.5% to $77.4 billion.

Shipments of manufactured durable goods, rose 0.2% to $247.0 billion. This followed a 0.5% increase in January.

Inventories of manufactured durable goods continued to rise, growing 0.4% to $410.6 billion. This followed a 0.4% January increase and led to growth in nineteen of the last twenty months.

Read the Census release.

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