Durable Goods New Orders Down 1.4% in February

Transportation equipment led the decrease, down 3.5 percent.

New orders for manufactured durable goods in February decreased 1.4 percent to $231.3 billion, according to the U.S. Census Bureau. This decrease, down three of the last four months, followed a 2 percent January increase.

Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 1 percent. Transportation equipment, also down three of the last four months, led the decrease, down 3.5 percent to $69.5 billion.

Shipments of manufactured durable goods in February, down four of the last five months, decreased 0.2 percent to $244 billion. This followed a 1.4 percent January decrease.

Primary metals, down five consecutive months, led the decrease, down 1.1 percent to $26.1 billion.

Unfilled orders for manufactured durable goods in February, down three consecutive months, decreased 0.5 percent to $1,156.9 billion. This followed a 0.3 percent January decrease.

Transportation equipment, also down three consecutive months, led the decrease, down 0.6 percent to $731.6 billion.

Inventories of manufactured durable goods in February, up 21 of the last 22 months, increased 0.3 percent to $413 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.3 percent January increase. Transportation equipment led the increase, up 0.9 percent to $135.4 billion.

Nondefense new orders for capital goods in February decreased 2.6 percent to $77.3 billion. Shipments decreased slightly to $80.2 billion. Unfilled orders decreased 0.4 percent to $727.8 billion. Inventories increased 0.1 percent to $186.8 billion.

Defense new orders for capital goods in February increased 10.2 percent to $8.3 billion. Shipments decreased 0.8 percent to $9 billion. Unfilled orders decreased 0.4 percent to $152.9 billion. Inventories increased 3 percent to $24.9 billion.

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