US durable goods orders dropped -2.2% mom in Feb, ex-transport orders dropped -0.6% mom

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US durable goods orders dropped -2.2% mom in Feb, ex-transport orders dropped -0.6% mom

US durable goods orders dropped -2.2% mom in February to USD 271.5B, worse than expectation of -0.6% mom. Ex-transport orders dropped -0.6% mom, below expectation of 0.6% mom. Ex-defense orders dropped -2.7% mom. Transportation equipment dropped for the third straight month, by -5.6% mom to USD 82.6B. Full release here.

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Source: US durable goods orders dropped -2.2% mom in Feb, ex-transport orders dropped -0.6% mom