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 Updated:

Durable Goods Orders Jump 3%

Durable goods orders jumped 3% in January, the Commerce Department announced.


The gain followed a revised 1.9% increase in December. Excluding transportation equipment orders, which tend to be volatile, orders fell 0.6%


The transportation boost was led by a 126% jump in demand for commercial aircraft.


Economists had forecast orders to increase 1.5%, Bloomberg reported.


Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.



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