by Calculated Risk on 3/26/2008 09:45:00 AM

From Rex Nutting at MarketWatch: Demand for durable goods falls 1.7% in Feb.

Demand for machinery and other capital goods sank in February, driving orders for durable goods down 1.7%, the Commerce Department reported Wednesday.

The unexpected decline in orders for big-ticket items marked the second straight monthly drop, an indication that domestic demand is weakening faster than exports can grow.

"This is another report that has a strong recessionary feel about it," wrote John Ryding, chief U.S. economist for Bear Stearns.

Another indicator suggesting recession.