Market Data
March 24, 2023
Durable Goods Fell in Feb, Down Three of Last Four Months
Written by Becca Moczygemba
New orders for US-manufactured durable goods fell to 1% in February month over month to a seasonally adjusted $268.4 billion, according to the US Census Bureau.
They have now been down three of the last four months, according to Census data.
New orders for transportation equipment, also down three of the past four months, drove the 2.8% decrease in February, sliding to $89.4 million, Census said.
Excluding transportation – which includes big-ticket, non-steel-intensive items such as aircraft – new orders decreased 0.1 percent.
New orders for primary metals ticked up 0.3% to a seasonally adjusted $20 million in February vs. January. New orders for fabricated metal products increased 0.4% to $36.2 million in the same comparison.
Click here for more detail on the February advance report from the US Census Bureau on durable goods manufacturers’ shipments, inventories, and orders. See also Figure 1 below.
By Becca Moczygemba, becca@steelmarketupdate.com
