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U.S. Durable Goods Orders, Shipments Rebound in February

Reuters (03/26/14) Lucia Mutikani

Orders for durable goods rose in February and shipments improved after two months of declines, according to the U.S. Department of Commerce. Durable goods orders rose 2.2% as demand for both long-lasting consumer products and aircraft rose, after falling 1.3% in January. Economists surveyed by Reuters had forecast a 1.0% increase. However, non-defense capital goods orders excluding aircraft, which hint at business spending plans, declined 1.3% in February after increasing a revised 0.8% in January. Economists had forecast an increase of 0.7%.