In February, US durable goods orders rebounded by 2.2% M/M, somewhat less than expected, but the previous figure was upwardly revised from -4.0% M/M to -3.6% M/M. The details show that part of the rebound was based in transportation, which rose by 3.9% M/M, due to strength in orders for nondefense aircraft (6.0% M/M) and to a lesser extend in orders for vehicles and parts (1.6% M/M). Durables excluding transportation rose by a more limited 1.6% M/M in February, after falling almost twice as much in January. Within the core reading, strength was based in machinery (5.7% M/M), computers and electronics (2.7% M/M), primary metals (1.3% M/M) and fabricated metals (0.3% M/M). Orders for electrical equipment, on the contrary, dropped by 2.5% M/M in February. Shipments of nondefense capital goods less aircraft, which is an important proxy for non-residential investments, rose by 1.4% M/M after falling by 3.0% M/M in January. A further improvement is probably needed to keep a positive trend in business investments at the start of the year.