Durable goods orders up
New orders for manufactured durable goods increased $0.9 billion or 0.5 percent to $178.1 billion in February, the U.S. Census Bureau announced today.
This was the third consecutive monthly increase and followed a 3.9 percent January increase. Excluding transportation, new orders increased 0.9 percent. Excluding defense, new orders increased 1.6 percent.
Machinery, up three of the last four months, had the largest increase, $1.1 billion or 4.7 percent to $23.3 billion.
Shipments of manufactured durable goods decreased $1.0 billion or 0.6 percent to $179.8 billion. This followed a 0.1 percent January decrease.
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INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
