- Durable goods orders unexpectedly fell 1.4% in February
- Widespread declines seen in transportation, core orders, and nondefense capital goods
- Nondefense capital shipments (ex aircraft) rose for the second time in three months
After a small gain in January, durable goods orders declined 1.4% against market expectations for a second consecutive monthly increase . February’s surprise drop was widespread across many categories, as transportation orders were down 3.5%, with drops in motor vehicles and both defense and nondefense aircraft. Even with the volatile transportation sector excluded, core order s dropped 0.4% to mark its fifth consecutive monthly decline. One small bright spot in this report was the 0.2% rise in shipments of nondefense capital goods excluding aircraft — a factor which is used in determining quarterly GDP
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