-->(Ob das wohl Militärflugzeuge waren? )
Durable goods orders bounced back sharply in February, rising 2.5 percent to reverse January's revised 2.7 percent decline. Total new orders, at a seasonally adjusted $183.8 billion, are back near their post-millennium peak of the fourth quarter.
The month's gains, however, were centered in the volatile transportation category, excluding which orders fell 0.3 percent compared to a 0.6 percent rise in January. Transportation equipment, boosted by a huge gain in aircraft, rose 9.9 percent with motor vehicles & parts up 5.0 percent.
New orders excluding defense and civilian aircraft, which offer a more stable reading of underlying demand, rose a healthy 1.4 percent vs. a 1.6 percent decline in January. Capital goods orders rose a strong 4.1 percent compared to a 3.5 percent decline in the prior month. Orders for computers and electronics were higher as were machinery orders, both good indications of new business investment. Primary metals orders, perhaps reflecting the sharp rise in prices, also rose, though orders for fabricated metals, the costs to produce of which are rising, fell.
Durable shipments rose 0.8 percent and unfilled orders rose 0.6 percent, both consistent with healthy expansion. Durable inventories rose 0.4 percent on the month, a mild positive suggesting that orders are being filled from new production and that manufacturers may be adding to stocks. Wednesday's data are mixed and will not likely affect the financial markets, though they do point to a limited upswing in economic demand.
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