Total orders fell 2.2% from January to $271.5 billion, as analysts had expected a 0.5% decline.
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Durable goods orders in the United States fell more than expected in February after four months of increases, due to the transport sector and in particular civil aeronautics, according to data released Thursday by the Commerce Department.
Total orders fell 2.2% in February from January, falling to $271.5 billion. This drop is stronger than expected by analysts, who expected a decline of 0.5%.
The transport equipment sector alone recorded a 5.6% drop in orders. This data, however, is very volatile from month to month, and this drop comes after a rise the previous month.
Orders in the civil aerospace sector fell 30.4% after climbing 10.9% in January. Conversely, orders in defense aeronautics jumped 60.1% after falling 29.6% last month.
Goods considered durable are those that have been used for three years or more, such as cars, appliances or electronics.
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