US Posts Rise in Durable Goods Orders

26 March 2004

US durable goods orders grew rapidly in February, according to new Commerce Department figures.

Orders for goods designed to last more than three years climbed 2.5% last month, following a revised 2.7% decline in January. Transportation orders led the way with a 9.9% rise.

Non-military orders excluding aircraft -- a guide to business investment -- increased 1.1% in February, after a 0.3% drop the month before.

Data sourced from: New York Times; additional content by WARC staff