Economy
February 25, 2021
Durable Goods Orders Soar to Six-Month High
Written by Sandy Williams
Orders for durable goods surged 3.4% in January for the largest percentage increase in six months, signaling that the manufacturing sector is on a solid recovery path, the U.S. Census Bureau reported. Orders more than tripled economists’ forecasts of a 1.0% gain for the month.
Transportation led the increase, up 7.8%. Orders for commercial aircraft and parts soared 389.9% from December and defense aircraft and parts leapt 63.5%. Excluding the volatile transportation category, orders increased 1.4 percent.
