Economy
February 26, 2020
Durable Goods Orders Slip in January
Written by Sandy Williams
Durable goods orders edged down 0.2 percent in January as defense orders sharply decreased from their surge in December. Defense capital goods plummeted 39.8 percent after an 87.4 percent increase the previous month, the Census Bureau reported today.
Orders for transportation slid 2.2 percent in January after gaining 8.8 percent in December. Excluding the volatile transportation category, orders climbed 0.9 percent.
