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Significant Increase in Durable Goods Orders
In a notable economic upturn, durable goods orders in the United States experienced a 3.1% increase, amounting to an $8.7 billion rise in January, as reported by the United States Census Bureau. This growth surpassed market expectations, signaling a robust demand in the durable goods sector.
Transportation Equipment Leads the Charge
Transportation equipment stood out as the primary driver of this surge, with orders escalating by $8.6 billion, or 9.8%, from the previous month, totaling $96.5 billion. This significant growth highlights the sector's pivotal role in the overall increase in durable goods orders.
Stable Orders Excluding Transportation
When excluding transportation, new orders remained largely stable, indicating that the surge was predominantly fueled by the transportation sector. Additionally, new orders excluding defense saw a 3.5% increase in January compared to December 2024, further underscoring the month's positive economic momentum.
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