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Durable goods orders fell in February more than expected and previously reported.
Data from the Census Bureau on Monday showed that orders for goods built to last fell 3%, and 1.3% excluding the volatile transportation category.
This was revised down from preliminary readings of -2.8% and 1% respectively. Economists had forecast no change.
Big declines was recorded in orders for commercial aircraft, and in the mining, oil and gas industries.
Shipments of durable goods fell 1%, revised lower from an earlier estimate of 0.9%.
The Census Bureau said factory orders fell 1.7% in February, just as expected. The 1.6% gain for January was revised down to 1.2%.
Economists had estimated that factory orders fell 1.8% during the month, according to Bloomberg. Excluding the volatile transportation category, they had forecast a 1% decline.
In a preview, Wells Fargo wrote, “The orders figures were disappointing and dashed hopes that January’s gains might mark the start of a new upward trend. If the factory orders print corroborates the durable goods orders’ reading, it will reinforce our expectations for a weak first quarter for equipment spending.”