US durable goods orders dropped -1.1% mom to USD 254.0B in February, much worse than expectation of 1.0% mom rise. That’s also the first decrease following nine months of growth. Ex-transport orders dropped -0.9% mom, versus expectation of 0.5% mom. Ex-defense orders dropped -0.8% mom. Transportation equipment, down following month months of increase, dropped -1.6% mom.
