US durable goods orders increased 3.1% in February

Haresh Menghani FXStreet

"New orders for manufactured durable goods in February increased $7.4 billion or 3.1% to $247.7
Billion," the US Census Bureau announced this Friday.

Key points:

• The increase marked third rise of the last four months, followed a 3.5 percent January decrease.
• Excluding transportation, new orders increased 1.2 percent.
• Excluding defense, new orders increased 2.5 percent.
• Transportation equipment, also up three of the last four months, led the increase, $5.5 billion or 7.1 percent to $83.5 billion.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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