New orders for manufactured durable goods in February increased $5.5 billion or 3.4% to $165.6 billion, the U.S. Census Bureau announced in the advance report on Manufacturers’ Shipments, Inventories and Orders. This increase follows six consecutive monthly decreases, including a 7.3% January decrease. Excluding transportation, new orders increased 3.9%. Excluding defense, new orders increased 1.7%.
Cliff Waldman, economist for the Manufacturers Alliance/MAPI, said that the "welcome turn in big ticket demand" should be "interpreted with caution," though he does point out that it may indicate that the U.S. is close to or at the bottom of the business cycle.
"The modest signs of stability in the U.S. economy are early and could be …
New Orders for Durable Goods Go Up in February
New orders for manufactured durable goods in February increased $5.5 billion or 3.4% to $165.6 billion, the U.S. Census Bureau announced in the advance report on Manufacturers’ Shipments, Inventories and Orders. This increase follows six consecutive monthly decreases, including a 7.3% January decrease. Excluding transportation, new orders increased 3.9%. Excluding defense, new orders increased 1.7%.
Cliff Waldman, economist for the Manufacturers Alliance/MAPI, said that the "welcome turn in big ticket demand" should be "interpreted with caution," though he does point out that it may indicate that the U.S. is close to or at the bottom of the business cycle.
"The modest signs of stability in the U.S. economy are early and could be …
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