US durable goods orders fall for third straight month

(Sharecast News) - US durable goods orders fell for a third consecutive month in February, according to the Census Bureau, as weakness in the transport sector continued to weigh on headline demand. New orders for long‑lasting manufactured goods declined 1.4% month‑on‑month to $315.5bn, extending January's revised 0.5% drop, driven by a 5.4% fall in transportation equipment, including a sharp 28.6% slide in non‑defence aircraft and parts to $19.2bn.

Excluding transport, orders edged up 0.8% month-on-month, bolstered by gains in primary metals, which rose 2.2% to $28.6bn, and machinery, up 1.5% at $41.1bn.



Reporting by Iain Gilbert at Sharecast.com