Manufacturers New Orders - February 2016


ECONODAY: The manufacturing component of the industrial production report pointed to February strength but the durable goods report certainty isn't. Orders fell 2.8 percent with the ex-transportation reading, which excludes the up-and-down swings of aircraft orders, down a very sizable 1.0 percent. And capital goods readings, which offer indications on business investment, are once again in the minus column, down 1.8 percent for orders and, in a reading that will pull down first-quarter GDP estimates, were down 1.1 percent for shipments...