Mexican Media Brands
U.S. Orders for Durable Goods Decline Again
New orders for manufactured durable goods in the U.S. dropped 1.4% to $231 billion from January to February, according to the U.S. Dept. of Commerce.
#economics
Share
New orders for manufactured durable goods in the U.S. dropped 1.4% to $231 billion from January to February, according to the U.S. Dept. of Commerce. Results reversed a 2% increase from December to January and marked the third month-to-month decline in the past four months.
Shipments of durables, which dropped 1.4% in January, slipped 0.2% to $244 billion in February.
The dollar value of new orders for motor vehicles and parts declined from $48.2 billion in January to $48.0 billion in February. Shipments fell to $47.9 billion from $48.0 billion.
Economists say the numbers show widespread weakness. They also note that orders for nondefense capital goods excluding aircraft, a proxy for business investment spending, shrank for the sixth consecutive month in February.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.