Economy
Durable goods orders see uptick in January
Written by Stephanie Ritenbaugh
February 27, 2025
New orders for manufactured durable goods rose in January after two consecutive months of declines.
New orders gained 3.1% over December to reach $286.0 billion, according to the US Census Bureau.
The increase in January followed a 1.8% drop in December.
Orders for transportation equipment, also up following two consecutive monthly declines, led the uptick, adding 9.8% to reach $96.5 billion, according to Census data.
Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders increased 3.5%, the Census Bureau said.
Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Economy
Chicago PMI dips 0.1 points in June
The Chicago Purchasing Managers Index (PMI) slipped 0.1 points to 40.4 points, in June.
Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.
Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.
Manufacturing in New York state contracts again
However, companies are growing more optimistic about the future.
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.