Indicators
US Business Equipment Orders Rise While Broader Durable Goods Decline
- Bookings for durable goods fell 1% in February after 5% plunge
- Core capital goods orders rose 0.2% after January marked down
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
Orders for all durable goods declined unexpectedly in February, even as business equipment demand ticked up.
Bookings for all durable goods — items meant to last at least three years — fell 1% in February after plunging 5% in the prior month, Commerce Department figures showed Friday. Excluding transportation equipment, durable goods orders were unchanged.