WASHINGTON, March 24, 2011 /PRNewswire-USNewswire/ -- Today, the U.S. Census Bureau released advance durable goods data for February 2011. The report contains a couple of noteworthy themes, one being that part of the manufacturing sector continues to expand (with the help of foreign demand), and another being that the pace of investment might be slowing some in the first quarter.
Shipments of durable goods (such as trucks, computers, machinery, aircraft -- donuts are considered nondurable goods, BTW) have been boosted by foreign demand, and, as we wrote earlier, foreign markets account for an increasing share of the durable goods we produce. As further evidence of the importance of foreign markets, according to the Institute for Supply Management's new export orders index, overseas demand for U.S. manufactured goods has grown for 20 straight months and, in February, new export orders came in at their fastest pace since 1988.
http://www.esa.doc.gov/Blog/2011/03/24/manufacturing-sector-expands-februarys-advance-durable-goods-report. You can find this ongoing Blog on the ESA website at www.esa.doc.gov in coordination with most Economic Indicators published by the Economics and Statistics Administration.
Economic Information Officer
Department of Commerce
SOURCE U.S. Census Bureau