Strong Growth in US Durable Goods Orders for February Outperforms Projections
Tuesday, 26 March 2024, 12:30
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.