Economy
March 26, 2020
Durable Goods Orders Jump in February
Written by Sandy Williams
Orders for durable goods jumped 1.2 percent in February, but the uptick is not expected to last. Stay-at-home orders and rising unemployment due to the COVID-19 outbreak are likely to stifle demand as the economy heads into a recession.
The volatile transportation category saw new orders for civilian aircraft dip 0.3 percent after a 356.7 percent gain in January. Automotive vehicles and parts were up 1.8 percent in February before factories began cutting production due to the virus.
