U.S. DURABLE GOODS ORDERS FALL FOR FIRST TIME SINCE LAST APRIL

Key Points:

  • Orders for durable goods fell in February as U.S. factories faced supply-chain challenges.
  • Durable goods are products designed to last at least three years, such as computers and machinery.
  • New orders for durable goods decreased 1.1% to $254 Billion in February from January.
  • The previous nine months had recorded gains, following sharp declines in March and April early in the pandemic.
  • The Right Facts will continue to monitor Durable Goods.
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