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Durable Goods Orders Decline on Transportation

Bill Koenig
By Bill Koenig Senior Editor, SME Media

New orders for durable goods fell in February on transportation equipment, the Commerce Department reported today.

Orders slid 1 percent to $268.4 billion last month, according to a monthly report. It was the third decline in the past four months and followed a revised fall of 5 percent in January.

Excluding transportation, orders were almost unchanged. Excluding defense, new orders decreased 0.5 percent.

The transportation category fell 2.8 percent to $89.4 billion, also the third decline in the past four months.

Within transportation, orders for commercial aircraft and parts slipped 6.6 percent to $11.2 billion. Demand for commercial air travel has rebounded from COVID-19 lows. Still, aircraft maker Boeing Co. continues to confront manufacturing issues.

 Orders for defense aircraft and parts declined 11 percent to $5.4 billion.

Orders for motor vehicles and parts fell 0.9 percent to $61.6 billion. The auto industry continues to see strong demand for some pickup and SUV models.

In other categories, orders for fabricated metal products advanced 0.4 percent to $36.2 billion. Orders for primary metals rose 0.3 percent to $20.2 billion. Orders for machinery slipped 0.5 percent to $38.3 billion.

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