Economy
February 27, 2017
Durable Goods Orders Up 1.8% in January
Written by Sandy Williams
Durable goods orders grew 1.8 percent in January, according to data from the U.S. Census Bureau. The increase was due mostly to a jump in orders for commercial and military aircraft, up 70 percent and 60 percent, respectively. Core capital goods (non-military goods excluding aircraft) fell 0.4 percent after a larger than expected gain of 1.1 percent in December. Core capital goods are considered an indicator of future business investment.
The report from the Department of Commerce is reprinted below:
