“ew orders for manufactured durable goods in January increased $0.9 billion or 0.4 percent to $255.3 billion,” the U.S. Census Bureau reported on Wednesday. This reading came above the market expectation for a decline of 0.5%.
Key takeaways from the press release
- This increase, up three consecutive months, followed a 1.3 percent December increase.
- Excluding transportation, new orders decreased 0.1 percent.
- Excluding defense, new orders increased 0.7 percent.
- Transportation equipment, up five of the last six months, drove the increase, $1.0 billion or 1.2 percent to $90.9 billion.
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