Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods rose 2.2 percent (nonannualized rate) in February, partially reversing a 3.6 percent decrease in January. Over the past year, durable goods orders are up 12.2 percent. Excluding transportation, new durables orders rose 1.6 percent in February, and are up 8.5 percent over the past year. An important signal of future equipment and software investment—new orders of nondefense capital goods excluding aircraft—rose 1.2 percent in February, following a 3.7 percent decrease in January. The series has risen at an annualized rate of 3.9 percent over the past three months, compared to its 12-month growth rate of 8.4 percent, which suggests a loss of momentum in recent months. Shipments of durables edged down 0.4 percent in February, following a roughly flat reading in January, and trending at a 8.2 percent clip over the past year. Manufacturers' inventories continued to swell in February, rising 0.4 percent, and are up 9.5 percent over the past 12 months.