Economy
March 24, 2016
Durable Goods Orders Fall 2.8% in February
Written by Sandy Williams
Orders for durable goods fell 2.8 percent in February for the third decline in four months. The latest report from the Commerce Department shows transportation equipment leading the decrease, down 1.2 percent last month. Civilian aircraft orders plunged 27.1 percent leading the transportation equipment descent.
Inventories continued to decrease as manufacturers struggle to bring inventories in line with demand. Primary metals inventories decreased 1.2 percent to $33.2 billion, continuing 13 months of inventory realignment.
