Economy
March 25, 2017
Durable Goods Orders Up 1.7% in February
Written by Sandy Williams
Durable goods orders rose in February by 1.7 percent after gaining 2.3 percent the prior month. The increase beat the Bloomberg estimate of a 1.4 percent gain. Excluding the volatile transportation category, orders gained 0.4 percent. Aircraft led the increase with a jump of 47.6 percent for civilian aircraft.
Core capital goods orders (excludes aircraft and defense) fell 0.1 percent in February. Shipments of core capital goods were up 1 percent in February and may help boost GDP for first quarter 2017.
