Posted March 24, 2010
Durable goods orders up
New orders for manufactured durable goods increased $0.9 billion or 0.5 percent to $178.1 billion in February, the U.S. Census Bureau announced today.
This was the third consecutive monthly increase and followed a 3.9 percent January increase. Excluding transportation, new orders increased 0.9 percent. Excluding defense, new orders increased 1.6 percent.
Machinery, up three of the last four months, had the largest increase, $1.1 billion or 4.7 percent to $23.3 billion.
Shipments of manufactured durable goods decreased $1.0 billion or 0.6 percent to $179.8 billion. This followed a 0.1 percent January decrease.
Click here for the full report.
