Wednesday, March 28, 2007

Forex News: 28.03.2007 U.S. Feb. durable goods orders rise 2.5%

Orders for durable goods climbed by 2.5% in February as defense and non-defense aircraft orders bounced back following big declines a month earlier.

Excluding transportation orders, however, durable goods orders declined by 0.1% in February.

The rise in orders for durable goods was mostly powered by an 88.4% increase in orders for non-defense aircraft. Orders for defense aircraft and parts rose by 29.2% in February.

Economists were expecting durable goods orders to rise by 3.8% in February.


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