Wall Street Journal (03/25/15) Kate Davidson; Josh Mitchell
Orders for durable goods fell a seasonally adjusted 1.4% from January to February, according to the U.S. Department of Commerce, a sign many U.S. companies remain wary of spending amid tepid global demand. Excluding the transportation category, orders dropped 0.4%, the fifth consecutive monthly decline. Economists polled by the Wall Street Journal had forecast overall orders would rise 0.2%.
Durable goods’ numbers are volatile and subject to large revisions, but the broader trend hints at softening demand. So far this year, overall orders have fallen 0.5% compared with the same period a year ago. Orders for January were weaker than earlier reported. Orders increased 2.0% instead of 2.8%, and orders outside of transportation that month fell instead of slightly increasing as first reported.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.