February Orders for Durable Goods Rose 3.1%
Washington, DC, March 23, 2018-New orders for manufactured durable goods in February increased $7.4 billion or 3.1% to $247.7 billion, the U.S. Census Bureau announced.
This increase, up three of the last four months, followed a 3.5% January decrease. Excluding transportation, new orders increased 1.2%. Excluding defense, new orders increased 2.5%. Transportation equipment, also up three of the last four months, led the increase, $5.5 billion or 7.1% to $83.5 billion.
Shipments of manufactured durable goods in February, up nine of the last ten months, increased $2.2 billion or 0.9% to $249.7 billion. This followed a 0.5% January increase. Machinery, up six of the last seven months, led the increase, $0.6 billion or 1.8% to $33.4 billion.
Unfilled orders for manufactured durable goods in February, up five of the last six months, increased $2.3 billion or 0.2% to $1,143.3 billion. This followed a 0.3% January decrease. Transportation equipment, up two of the last three months, led the increase, $1.4 billion or 0.2% to $773.2 billion.