Updated: 26-Mar-25 09:10 ET
| February Durable Orders |
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| Updated: 26-Mar-25 09:10 ET |
Highlights
- New orders for manufactured durable goods increased 0.9% month-over-month in February (Briefing.com consensus -1.2%) following an upwardly revised 3.3% increase (from 3.1%) in January.
- Excluding transportation, durable goods orders rose 0.7% month-over-month (Briefing.com consensus 0.1%) following an upwardly revised 0.1% increase (from 0.0%) in January.
Key Factors
- New orders for primary metals increased 1.2% following a 1.9% increase in January.
- New orders for fabricated metal products increased 0.9% following a 1.4% decline in January.
- New orders for machinery jumped 0.2% after being flat in January.
- New orders for computers and electronic products were flat following a 1.8% increase in January.
- New orders for transportation equipment jumped 1.5% following a 10.2% increase in January.
Big Picture
- The key takeaway from the report is that durable goods orders were stronger than expected; however, that understanding was clouded by the added realization that there was a downturn in business spending, evidenced by the 0.3% decline in nondefense capital goods orders, excluding aircraft.
| Category | FEB | JAN | DEC | NOV | OCT |
| Total Durable Orders | 0.9% | 3.3% | -1.8% | -2.0% | 0.7% |
| Less Defense | 0.8% | 3.7% | -1.8% | -1.3% | 0.9% |
| Less Transport | 0.7% | 0.1% | 0.1% | -0.2% | 0.2% |
| Transportation | 1.5% | 10.2% | -5.5% | -5.4% | 1.8% |
| Capital Goods | -1.5% | 10.4% | -5.2% | -4.8% | 2.0% |
| Nondefense | -1.5% | 12.8% | -5.3% | -3.2% | 3.1% |
| Nondefense/nonaircarft (core cap gds) | -0.3% | 0.9% | 0.2% | 0.8% | -0.1% |
| Defense Cap Goods | -1.6% | -2.7% | -4.6% | -12.8% | -2.9% |
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