U.S. Durable Goods Orders Slump 1.4% In February, Much More Than Expected

New orders for U.S. manufactured durable goods plunged in February, falling much more than expected, largely due to a steep drop in aircraft orders. The surprise decline points to softer business investment and could weigh on near-term industrial activity and GDP momentum.

Analysis

New orders for U.S. manufactured durable goods plunged in February, falling much more than expected, largely due to a steep drop in aircraft orders. The surprise decline points to softer business investment and could weigh on near-term industrial activity and GDP momentum.