Wednesday, March 24, 2010

Durable Goods Jump on Continued Strength in Aircraft

The AP details:

Orders for big-ticket manufactured goods rose for a third consecutive month in February, bolstered by strong demand for commercial aircraft and machinery. The
hope is that continued strength in manufacturing will help sustain the economic recovery.

The Commerce Department said Wednesday that orders for durable goods advanced 0.5 percent last month, slightly lower than the 0.7 percent gain that economists had expected.

The increase was led by the second huge jump in demand for commercial aircraft, an increase of 32.7 percent which followed a 134.9 percent rise in this volatile category in January.

Below is the monthly gains by category:

As detailed above, the increase was driven by commercial aircraft (durable goods ex commercial aircraft was down 0.9% for the month) now up 211% since December!

Source: Census

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