Wednesday, March 25, 2009

Durable Goods Orders Rise in February

by Bill McBride on 3/25/2009 08:43:00 AM

From the Census Bureau:

New orders for manufactured durable goods in February increased $5.5 billion or 3.4 percent to $165.6 billion, the U.S. Census Bureau announced today. This increase follows six consecutive monthly decreases, including a 7.3 percent January decrease. Excluding transportation, new orders increased 3.9 percent. Excluding defense, new orders increased 1.7 percent.
This appears to be a small bounce back from six consecutive monthly declines in durable goods.

This is still a decline of 22% from February 2008.