US Durable Goods Orders Rise in February, Commerce Department Reports
Washington D.C. – The U.S. Commerce Department issued its latest report on durable goods orders, revealing a growth of 0.9% in February. Seasonally adjusted figures indicate a positive shift in manufacturing activity, with new orders demonstrating increased economic momentum compared to prior months. This data provides crucial insights into the health of the manufacturing sector and overall economic trends.
Key Data: Percentage Changes
The report details percentage changes across various categories of durable goods orders from the previous months:
- New Orders: 0.9% (Feb) | 3.3% (Jan) | -1.8% (Dec)
- Ex-Transportation: 0.7% (Feb) | 0.1% (Jan) | 0.1% (Dec)
- Ex-Defense: 0.8% (Feb) | 3.7% (Jan) | -1.8% (Dec)
- Manufacturing with unfilled orders: 0.2% (Feb) | 5.3% (Jan) | -2.1% (Dec)
Sector-Specific Percentage Changes:
- Primary Metals: 1.2% (Feb) | 1.9% (Jan) | -0.6% (Dec)
- General Machinery: 0.2% (Feb) | 0.0% (Jan) | 0.2% (Dec)
- Computers/Electronics: 0.0% (Feb) | 1.8% (Jan) | 0.4% (Dec)
- Computer/related products: 1.1% (Feb) | 7.2% (Jan) | -1.4% (Dec)
- Communications Equipment: -0.3% (Feb) | 1.2% (Jan) | 1.8% (Dec)
- Electrical/appliances: 2.0% (Feb) | -1.2% (Jan) | 0.1% (Dec)
- Transportation Equipment: 1.5% (Feb) | 10.2% (Jan) | -5.5% (Dec)
- Motor vehicles/parts: 4.0% (Feb) | -1.9% (Jan) | -1.0% (Dec)
- Nondefense aircraft/ parts: N/A (Feb) | -5.0% (Jan) | 92.9% (Dec) | -28.9% (Dec)
- Defense aircraft/parts: 9.3% (Feb) | 4.8% (Jan) | 0.6% (Dec)
- Capital goods: -1.5% (Feb) | 10.4% (Jan) | -5.2% (Dec)
- Nondefense capital goods: -1.5% (Feb) | 12.8% (Jan) | -5.3% (Dec)
- Nondefense capital goods ex-aircraft: -0.3% (Feb) | 0.9% (Jan) | 0.2% (Dec)
- Defense capital goods: -1.6% (Feb) | -2.7% (Jan) | -4.6% (Dec)
Additional Percentage Change Data:
- Total unfilled orders: 0.1% (Feb) | 0.2% (Jan) | -0.3% (Dec)
- Total inventories: 0.1% (Feb) | 0.0% (Jan) | 0.4% (Dec)
- Total shipments: 1.2% (Feb) | 0.7% (Jan) | 0.8% (Dec)
- Nondefense capital goods shipments ex-aircraft: 0.9% (Feb) | -0.2% (Jan) | 0.3% (Dec)
Durable Goods Orders in Dollar Value (Billions of USD)
The report also provided data in billions of U.S. dollars, offering a clear picture of the monetary value of durable goods orders:
- New Orders: $289.291 (Feb) | $286.602 (Jan) | $277.348 (Dec)
- Ex-Transportation: $190.944 (Feb) | $189.702 (Jan) | $189.456 (Dec)
- Ex-Defense: $271.327 (Feb) | $269.305 (Jan) | $259.744 (Dec)
- Manufacturing with unfilled orders: $207.920 (Feb) | $207.402 (Jan) | $197.032 (Dec)
Sector-Specific Dollar Values (Billions of USD):
- Primary metals: $27.565 (Feb) | $27.244 (Jan) | $26.741 (Dec)
- General Machinery: $37.621 (Feb) | $37.529 (Jan) | $37.540 (Dec)
- Computers/Electronics: $25.787 (Feb) | $25.794 (Jan) | $25.336 (Dec)
- Computer/related products: $2.454 (Feb) | $2.428 (Jan) | $2.264 (Dec)
- Communications: $3.164 (Feb) | $3.173 (Jan) | $3.135 (Dec)
- Electrical/appliances: $14.935 (Feb) | $14.637 (Jan) | $14.809 (Dec)
- Transportation Equipment: $98.347 (Feb) | $96.900 (Jan) | $87.892 (Dec)
- Motor vehicles/parts: $61.912 (Feb) | $59.508 (Jan) | $60.659 (Dec)
- Nondefense aircraft/ parts: N/A (Feb) | $19.164 (Jan) | $20.177 (Dec) | $10.458 (Dec)
- Defense aircraft/parts: $6.349 (Feb) | $5.809 (Jan) | $5.545 (Dec)
- Capital goods: $103.145 (Feb) | $104.705 (Jan) | $94.847 (Dec)
- Nondefense capital goods: $89.181 (Feb) | $90.507 (Jan) | $80.254 (Dec)
- Nondefense capital goods ex-aircraft: $74.986 (Feb) | $75.191 (Jan) | $74.507 (Dec)
- Defense capital goods: $13.964 (Feb) | $14.198 (Jan) | $14.593 (Dec)
Additional Dollar Value Data (Billions of USD):
- Total unfilled orders: $1402.375 (Feb) | $1400.519 (Jan) | $1397.931 (Dec)
- Total inventories: $533.152 (Feb) | $532.755 (Jan) | $532.670 (Dec)
- Total shipments: $292.311 (Feb) | $288.882 (Jan) | $286.933 (Dec)
- Nondefense capital goods shipments ex-aircraft: $74.689 (Feb) | $74.020 (Jan) | $74.179 (Dec)
Economic Forecasts
A Reuters survey of economists offered the following predictions for the February durable goods orders report:
- U.S. Feb. durable goods orders: -1.0% forecast
- U.S. Feb. durables ex-transportation: +0.2% forecast
- U.S. Feb. nondefense cap. ex-aircraft orders: +0.2% forecast
Important Notes
It is important to note the following details regarding the data:
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- Semiconductor Shipments: Semiconductor shipments are now incorporated within the computers and electronic products category, as well as other relevant aggregate totals, and are no longer listed separately.
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