Wednesday, March 25, 2015

Durable Goods Orders, Factory Shipments Fell in February

New orders for durable manufactured goods decreased unexpectedly in February, falling 1.4%, according to the U.S. Census Bureau. The decrease was the third over the last four months. Excluding transportation, orders decreased 0.4%. Orders for defense capital goods increased 10%, one of the few notable gains for the month.

January orders were revised down from 2.8% to 2.0%. Excluding transportation, new orders fell by 0.7%.

February shipments of manufactured durable goods decreased 0.2%, following a decrease of 1.4% in January. A 1.1% drop in orders for primary metals led the decrease. Inventories of manufactured durable goods rose 0.3% to the highest level since the index was first published in 1992.

Read the Census Bureau release.

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