US Durable Goods Orders Fall Worse Than Expected
The steeper-than-expected drop compounds an already fragile trend, following a 0.5% decline recorded in January, raising fresh questions about the health of American industrial demand heading into the spring.
The headline figure, however, masked pockets of resilience beneath the surface. Orders stripped of the volatile transportation component edged upward by 0.8% during the same period, suggesting underlying demand retained some degree of stability. By contrast, orders excluding defense expenditure retreated by 1.2%, pointing to softness in civilian-sector activity.
Durable goods orders — which track demand for long-lasting manufactured products ranging from machinery to electronics — serve as a closely watched barometer of industrial output and broader economic momentum, offering analysts an early window into the trajectory of US manufacturing activity in the months ahead.
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