U.S. Durable-Goods Orders Rise 2.5 Percent
Posted on: Wednesday, 28 March 2007, 12:00 CDT
U.S. durable-goods orders rose 2.5 percent after falling 9.3 percent the month before, the U.S. Commerce Department reported Wednesday.
February's rise after January's previously estimated 8.7 percent decrease fell short of Wall Street's 3.5 percent expectations.
Outside the volatile transportation sector -- which rose 9.6 percent after falling 20.8 percent in January -- durable-goods orders were down 0.1 percent, the fourth decline in the past five months.
Transportation orders rose 9.6 percent, reflecting a pickup in Boeing Co. business, after falling 20.8 percent in January. Orders for commercial planes increased 88.4 percent while military aircraft orders rose 29.2 percent.
Motor vehicles and parts increased by 1.3 percent.
Orders for non-defense capital goods excluding aircraft, which economists point to as an indicator of future business investment, fell 1.2 percent. Shipments of those items, used to calculate gross domestic product, rose 1.2 percent after January's 3.3 percent fall.
February inventories rose 0.2 percent after January's 0.4 percent climb.
Source: United Press International
Related Articles
- Leading indicator rose in January
- Durable goods fall beyond expectations
- 17 Percent of U.S. Elderly Have Good Diet
- Durable Goods Orders Fall in January
- Prices for U.S. Producers Rose in January
- FFF Enterprises Launches 2007-2008 Flu Vaccine Ordering January 4
- Bush Executive Order is Good, But Encouraging Health Care Consumerism Requires More Than Cost and Quality Transparency
- January layoffs fall by 4 percent: survey
- Five TV Series Get Orders for Next Fall
- Orders for Big-Ticket Goods Fall in April
 |
 |
User Comments (0)
RSS Feeds