The rise in durable goods orders in February reflected a surge in transport orders, with underlying capital goods orders and shipments falling back. That suggests business equipment investment was on track to stagnate in the first quarter, even before the domestic spread of the virus crushed demand.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services