Durable Goods Orders Rise 3.0% In January

Sponsored Links

Orders for manufactured durable goods showed a much bigger than expected increase in the month of January, according to a report released by the Commerce Department on Thursday, with the increase largely due to a substantial increase in orders for transportation equipment.

The report showed that durable goods orders increased by 3.0 percent in January following an upwardly revised 1.9 percent increase in December. Economists had expected orders to increase by 1.5 percent compared to the 1.0 percent growth originally reported for the previous month.

Excluding a 15.6 percent increase in orders for transportation equipment, however, durable goods orders fell by 0.6 percent in January compared to a 2.0 percent increase in the previous month. The decrease surprised economists, who had expected 1.0 percent growth.

Orders for manufactured durable goods showed a much bigger than expected increase in the month of January, according to a report released by the Commerce Department on Thursday, with the increase largely due to a substantial increase in orders for transportation equipment. (Market News Provided by RTTNews)