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
US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.
Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.
President Trump intends to set additional steel tariffs
While boarding Airforce One on Friday, US President Donald Trump stated that he would be setting more steel tariffs and putting ~100% tariffs on semiconductors and chips.
Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.
Dodge Momentum Index surges in July
The Dodge Momentum Index (DMI) jumped 20.8% in July and is now up 27% year-to-date, according to the latest data released by Dodge Construction Network.