Durable Goods Orders Jump 2.2% in February; Ex-Transportation Rise 0.2%

U.S. durable goods orders surged 2.2% in February, while excluding transportation orders grew 0.2%, the Commerce Department reported Wednesday.

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Economists polled by Thomson Reuters expected a 1.0% increase in orders and a 0.3% rise excluding transportation.

In January, orders fell a revised 1.3%, first reported as a 1.0% decrease, while excluding transportation sales gained 0.9%, initially reported as a 1.1% increase.

Excluding defense orders rose 1.8% in February after a 1.9% drop in January.

Transportation equipment orders increased 6.9% in the month.


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