Durable-goods Orders Climb 2.8% In January
Orders for durable U.S. goods rose a seasonally adjusted 2.8% in January. That was higher than the 0.5% gain forecast by economists polled by MarketWatch. Orders minus transportation edged up 0.3%, the Commerce Department said Thursday. Orders for core capital goods - a proxy for business investment - surged 9.5%. Shipments of core capital goods, a category used to help determine quarterly economic growth, rose 1% in January. Orders fell 3.7% in December, newly revised data show.
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