Economy
Durable goods orders rise again in February
Written by Stephanie Ritenbaugh
March 26, 2025
For the second month in a row, new orders for manufactured durable goods rose in February.
New orders gained $2.7 billion, or 0.9%, to reach $289.3 billion, the US Census Bureau found in its latest monthly report.
This followed a 3.3% boost in January.
Transportation equipment led the increase, rising 1.5% to $98.3 billion.
Excluding transportation, new orders increased by 0.7%. Excluding defense, new orders increased by 0.8%, according to the Census data.
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.