Economy
February 27, 2014
Durable Goods Orders Decrease in January
Written by Sandy Williams
Orders for durable goods decreased $2.2 billion or 1.0 percent in January to $225 billion according to the US Census Bureau’s advance report. Orders have been down three of the last four months and followed a 5.3 percent decline in December. The three month moving average fell for the second consecutive month, dropping 1.23 percent in January. The year-over-year growth rate for the 3MMA fell from 4.87 percent in December to 3.48 percent last month. Declining orders in transportation equipment drove the decrease.
The US Census Bureau report reads as follows:
