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Tuesday, October 22, 2019
HomeNewsEconomyDurable Goods Orders Decreased Less than Expected in February

Durable Goods Orders Decreased Less than Expected in February

A Boeing 737 MAX plane is seen during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 7, 2015. (Photo: Reuters)
A Boeing 737 MAX plane is seen during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 7, 2015. (Photo: Reuters)
A Boeing 737 MAX plane is seen during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 7, 2015. (Photo: Reuters)

New orders for durable goods decreased less than expected in February, declining $4.2 billion (1.6%) to $250.6 billion. The less-than-anticipated decrease follows three consecutive monthly increases, and a 0.1% gain in January.

Excluding transportation, new orders for durable goods increased 0.1%, beating the forecast. Excluding defense, new orders decreased 1.9%, missing the forecast.

The consensus forecast for the headline was -1.8%, ranging from a low of -4.0 to a high of -0.5%. For core capital goods, the consensus came in at 0.2%, ranging from a low of 0.1% to a high of 0.3%. The consensus for transportation goods was unchanged (0.0%), ranging from a low of -0.3% to a high of 0.4%.

Durable goods are manufactured items not for immediate consumption and are meant to last for a period of at least three years. The full report from the U.S. Census Bureau can be found here,

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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