US February durable goods orders -2.2% vs -0.5% expected

• Prior was +1.6%
• Durables ex-transportation -0.6% versus +0.6% expected
• Prior ex-transportation +0.7%
• Durable ex defense -2.7% versus +1.6% prior
• Nondefense capital ex air +-0.3% versus 0.5% expected.
• Prior month was +1.0%
• Shipments 0.0% after five consecutive monthly increases
• Unfilled orders +0.4% and up 13 consecutive months
• Inventories +0.4% and up 13 consecutive months as well

For the full report from the US Census bureau click here

These numbers had been running strong for a number of months but this is a stumble. This is the first decline in the headline after four months of gains. The rising price of commodities Commodities Commodities are assets that are either naturally grown or occurring in the environment. Most commonly this includes precious metals such as gold, silver, and palladium.Beyond metals, commodities can also focus on agricultural or industrial goods that are central to manufacturing or other sectors. This includes crude oil, copper, wheat, and others.Relative to other assets, commodities are an extremely complex form of investment, with many similarities and differences to existing products.Commodit Commodities are assets that are either naturally grown or occurring in the environment. Most commonly this includes precious metals such as gold, silver, and palladium.Beyond metals, commodities can also focus on agricultural or industrial goods that are central to manufacturing or other sectors. This includes crude oil, copper, wheat, and others.Relative to other assets, commodities are an extremely complex form of investment, with many similarities and differences to existing products.Commodit Read this Term is making it tough for supplies are buyers to manage.