Economy
March 23, 2018
Durable Goods Orders Stronger than Expected
Written by Sandy Williams
Orders for manufactured durable goods jumped 3.1 percent in February, beating economists’ estimates by nearly double.
The latest report from the Department of Commerce showed core capital goods (non-defense capital goods minus aircraft) rebounded 1.8 percent last month after two consecutive months of decline. The category is seen as a proxy for business spending. Shipments of core capital goods, used to calculate gross domestic product, increased 1.4 percent.
