Durable goods orders up 2.2%
March 28, 2012
New orders for manufactured durable goods rose by 2.2% in February to $211.8 billion, the U.S. Census Bureau reported. The increase followed a 3.6% drop in January, but durable goods orders have now risen in four of the last five months. Excluding transportation, new orders increased 1.6%, and excluding defense, orders rose 1.7 percent. Transportation equipment enjoyed the largest increase, 3.9%, led by nondefense aircraft and parts. New orders for nondefense capital goods — an indicator of business investment — increased 1.5% in February to $81.8 billion.
In addition to future freight shipments indicated by an increase in durable goods orders, unfilled orders also grew in February, rising 1.3%. Unfilled orders have risen in 22 of the last 23 months. On the other hand, inventories of manufactured durable goods were up for the 26th consecutive month in February, rising 0.4% to their highest level since at least 1992. Shipments of manufactured durable goods were donw 0.4% in February following a 0.1% increase in January.
Click the link below to print a print-friendly page of the this analysis.Print Page
Use our chart creator to generate charts using the data that was used in this analysis.TruckGauge Chart Creator
This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.Upgrade to a Premium Member