WASHINGTON – Durable goods orders fell 0.9% in February, the largest decrease since October, as orders excluding transportation goods dropped 0.6%, the Commerce Department reported Thursday.
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Durable goods have fallen for four of the past five months. January orders were revised higher to a 3.6% increase from the 2.7% gain reported last month. Orders excluding transportation were revised higher to a 3.0% decline.
Economists expected durable goods would increase 1.0% in February, according to the median estimate from Thomson Reuters.
Orders for machinery fell 4.2%, dropping for the second straight month. Nondefense capital goods orders, excluding aircraft, declined 1.3% in February after a 6.0% dive in January.
