US Durable Goods Orders Climb in February

In a positive sign for the US economy, durable goods orders rose by 0.9% in February, reaching a total of $289.3 billion, as reported by the Census Bureau on Wednesday.

Transportation Equipment Drives Growth

The sector saw the most significant increase, with orders up by 1.5% to $98.3 billion, highlighting its pivotal role in the month's growth.

Excluding Transportation and Defense

When transportation is excluded, orders still saw a healthy increase of 0.7%. Similarly, excluding defense, new orders grew by 0.8%, underscoring broad-based demand across sectors.