U.S. durable goods orders rose in February, the fifth increase in the past six months, the U.S. Commerce Department said Tuesday. Factory orders rose 5.7 percent, $12.4 billion, to $232.1 billion after an upwardly revised decline of 3.8 percent in January. A month prior, the January decline was reported at 5.2 percent. Excluding transportation equipment, factory orders for goods expected to last at least three years fell 0.5 percent. Excluding defense orders, new business for factories increased 4.5 percent, the Commerce Department said. Transportation orders, which have been swinging up and down for the past six months, returned to making gains in February. For the month transportation orders "drove the increase" with a gain of $13.3 billion, or 21.7 percent, in new orders, which totaled $74.4 billion in the month. Orders for non-defense-related capital goods rose 10 percent to $80.8 billion, the largest increase in five months. "Capital goods" is a category of investment into production equipment, such as printing presses, backhoes and computers -- equipment that represents businesses investing in themselves. It is seen as a gauge of confidence among producers. Shipments of durable goods, up five of the past six months, also rose in February, rising by 1 percent or $2.2 billion to $229.3 billion, the Commerce Department said.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor