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Durable Goods Orders Ex-Transportation Rise in January

Reuters (02/27/14) Lucia Mutikani

Orders for durable goods excluding transportation rose 1.1% in January, the biggest gain since May, after falling 1.9% in December, according to the U.S. Department of Commerce. Economists surveyed by Reuters had forecast a 0.3% decrease.

Overall durable goods orders were down 1.0% in January after a 5.3% decline in December. Economists surveyed by Reuters had forecast a 1.5% decrease.