Durable goods orders decline in February

Yahoo Finance Live's Julie Hyman breaks down the February final durable goods report.

Video Transcript

BRIAN SOZZI: Well, first, we have some breaking news on economic data front with durable goods orders. Julie. JULIE HYMAN: Yeah, durable goods orders, this is the final read for February. And we're seeing a drop of 2.1% here. That is the year-over-year drop. Ex-transportation down 6/10 of 1%. And so a little bit better than the initial read. Factory orders, meantime, down about a 1/2 of 1%. Factory orders, excluding transportation, up 4/10 of 1%. This does not tend to be a market moving number, particularly those durable goods orders. This is the final read there. We already got some preliminary reads. But nonetheless, it gives us a good measure of what is going on in the US economy. It also tends to be a pretty volatile number. So factory orders ex-transportation, it's interesting that transportation would have been dragging down that number in the month of February. So that is a trend to continue to watch as we start to get the March data as well on this front.