Strong Growth in US Durable Goods Orders for February Outperforms Projections

Tuesday, 26 March 2024, 12:30

The recent report on US February durable goods orders indicates a notable increase of 1.4%, surpassing the expected growth of 1.1%. This growth trend showcases resilience in the manufacturing sector, particularly in non-defense capital goods orders excluding aircraft. The positive performance in durable goods orders suggests a promising outlook for the US economy, emphasizing the recovery and strengthening industrial activity.
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Strong Growth in US Durable Goods Orders for February Outperforms Projections

US February Durable Goods Orders Exceed Expectations

The latest data revealed a significant rise in US February durable goods orders, with a growth rate of 1.4% compared to the anticipated 1.1%. This performance demonstrates a notable improvement in the manufacturing sector, particularly in non-defense capital goods orders excluding aircraft.

Key Highlights:

  • Prior was -6.2%
  • Non-defense capital goods orders ex-air
  • Prior non-defense capital goods orders ex-air
  • Ex transport - expected
  • Ex defense - prior
  • Shipments

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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