Durable Goods New Orders Grew for Fourth Consecutive Month

Durable goods new orders continued their run of growth as aerospace new orders grew 31% from one year ago, which was their first month of growth since July 2019.

New orders for real durable goods totaled $244,515 million in February 2021. February’s orders were just 0.5% more than one year ago; however, February was the fourth straight month of month-over-month growth in durable good new orders. The result was that the annual rate of change contracted 7.6%, which was a slightly faster rate of contraction than January. 

Notable results from key industries or segments include:

  • total capital goods new orders grew month-over-month for the third time in four months
  • household appliances new orders grew more than 20% month-over-month for the third straight month and grew for the ninth consecutive month
  • construction materials new orders grew for the sixth month in a row
  • HVAC new orders grew 12.6%, which was the fastest rate since January 2019
  • construction machinery new orders grew more than 14% for the third time in four months
  • aerospace new orders grew 31.3%, which was the first month of growth since July 2019

Consumer durable goods spending is growing extremely fast, with month-over-month growth faster than 9% for nine months in a row. Consumer durable goods spending is confirming a bottom in the rate of contraction in durable goods new orders has occurred. 

Accelerating Growth: appliances, computers/electronics, HVAC

Decelerating Growth: 

Accelerating Contraction: durable goods, motor vehicles/parts, oil/gas-field/mining machinery, ship/boat building, total capital goods

Decelerating Contraction: aerospace, construction materials, fabricated metal products, machinery/equipment, ​​​​off-road/construction machinery, power generation, primary metals

Reports

Top Shops

‘Top Shops’ is a benchmarking and recognition program designed to help shops build their business.

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.