Posted February 27, 2024
Big drop in transportation equipment leads latest durable goods decline
New orders for manufactured durable goods in January, down three of the last four months, decreased $18.0 billion or 6.1% to $276.7 billion, the U.S. Census Bureau announced.
This followed a 0.3% December decrease.
Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders decreased 7.3%.
Transportation equipment, also down three of the last four months, led the decrease, $17.4 billion or 16.2% to $89.8 billion.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
