Economics
U.S. Durable Goods Orders Decrease for First Time Since April
- Bookings slumped 1.1% in February in broad-based decline
- Core capital goods orders, shipments also retreated last month
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
Orders for U.S. durable goods unexpectedly declined in February for the first time in nearly a year, indicating a pause in the months-long manufacturing rebound.
Bookings for durable goods -- or items meant to last at least three years -- decreased 1.1% from the prior month, the first drop since April, after an upwardly revised 3.5% gain in January, Commerce Department figures showed Wednesday.