Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods increased 2.2 percent in February, following a decline of 1.3 percent in January. Over the past year, new orders are up 0.2 percent. New orders for transportation equipment lead the monthly increase, rising 6.9 percent in February. Excluding volatile transportation equipment orders, new orders were only up 0.2 percent, following an increase of 0.9 percent in January. Orders for nondefense capital goods excluding aircraft, which is used to evaluate the near-term outlook in equipment and software investment, fell 1.3 percent in February after rising 0.8 percent in January. Shipments of durable goods, which are up 3.4 percent over the past year, rose 0.9 percent in February. Shipments of nondefense capital goods excluding aircraft, which map directly into GDP, rose 0.5 percent in February and are up 1.0 percent year-over-year.