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, according to the latest report from the Census Bureau. This uptick highlights a continuing trend of industrial growth and consumer confidence.

Transportation Equipment Orders Drive Growth

The sector witnessing the most significant increase was transportation equipment, with orders jumping 1.5% to $98.3 billion. This surge underscores the sector's pivotal role in the month's overall growth.

Excluding Transportation and Defense: A Closer Look

When transportation is excluded, durable goods orders still saw a healthy increase of 0.7% month-on-month. Similarly, excluding defense, new orders experienced a 0.8% rise, indicating broad-based growth across multiple sectors.