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    Durable goods orders see uptick in January

    Written by Stephanie Ritenbaugh


    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

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