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--Ex-Transportation Orders +1.2%; Transportation Orders +7.1%
--Nondefense Cap Goods Ex Aircraft New Orders +1.8%, Shipments +1.4%
By Kevin Kastner, Sara Haire and Holly Stokes
WASHINGTON (MNI) - The value of U.S. durable goods new orders
surged 3.1% in February, much stronger than the 1.7% increase expected
by analysts in an MNI survey. Transportation orders rose 7.1%, and new
orders excluding transportation orders posted a 1.2% gain, data released
Friday by the Commerce Department showed.
The surge in new orders excluding transportation was much larger
than the 0.6% gain expected and reflected solid gains in every component
except for computers and electronics products. This was the seventh
increase in the last eight months, an indication that orders are
expanding consistently outside of the transportation noise.
--AIRCRAFT ORDERS SURGE
Nondefense aircraft and parts new orders posted 25.5% surge in
February, partially rebounding from a 27.9% plunge in January.
Meanwhile, defense aircraft and parts jumped 37.7% after a 48.9% decline
Motor vehicles orders posted a 1.6% gain. In addition,
transportation orders excluding motor vehicles and aircraft rebounded by
11.7% following a 19.5% decline in the previous month, according to an
Nondefense capital goods new orders saw a gain of 4.5%, and were
still up 1.8% excluding civilian aircraft.
--SHIPMENTS, INVENTORIES UP
Durable goods shipments rose 0.9% in February, with nondefense
capital goods shipments up 1.2% and up 1.4% excluding civilian aircraft
shipments, according to an MNI calculation.
Durable goods inventories were up 0.4% in the month, while unfilled
orders posted a 0.2% increase.
** MNI Washington Bureau: 202-371-2121 **