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US durable goods orders down -1.0% mom in Feb, led by transport equipment

US durable goods orders dropped -1.0% mom to USD 268.5B in February, much worse than expectation of 0.4% mom rise. Ex-transport orders was flat 0.0% mom at USD 179.0B, below expectation of 0.2% mom. Ex-defense orders dropped -0.5% mom to USD 251.5B. Transportation equipment dropped -2.8% mom to USD 89.4B.

Full durable goods orders release here.

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