New orders for manufactured durable goods in February 2013 increased 5.7 percent, to $232.1 billion. Excluding transportation, new orders decreased 0.5 percent. Overall shipments increased 1.0 percent, and capital goods shipments rose 0.7 percent. Unfilled orders increased 0.9 percent, and inventories rose 0.4 percent in February.
Advance Report on Durable Goods is a monthly report, with revisions, released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the Census Bureau, of the number of orders for a broad range of products—from computers and furniture to autos and defense aircraft—with an expected life of at least three years.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., a Washington State Registered Investment Adviser providing independent, fee-only, financial planning services, portfolio management for individuals and small businesses, and educational seminars/workshops. Since 1999, Chris has devoted his professional practice to helping people make money, save money, protect money, have convenience and peace of mind. He is an award-winning speaker and the author of the book Personal Financial Planning, released February 2013. Connect with Chris by E-mail or respond below.
Chris Bryant is an American financial advisor.