Durable Goods Orders in the US decreased by 1%, or $2.6 billion, in February to $268.4 billion, the US Census Bureau announced on Friday. This reading followed January's declined of 5% (revised from -4.5%) and came in weaker than the market expectation for an increase of 0.6%.
"Excluding transportation, new orders were virtually unchanged," the publication further read. "Excluding defense, new orders decreased 0.5 percent. Transportation equipment, also down three of the last four months, drove the decrease, $2.6 billion or 2.8 percent to $89.4 billion."
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