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4/2/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Durable Goods Orders Rise in February

Durable goods orders increased 2.2% in February, the fourth gain in five months, the Commerce Department said.

The increase followed a revised 3.6% drop in January that was smaller than previously reported, Commerce said.

Economists had expected a 3% gain in February, Bloomberg reported.

Excluding volatile transportation orders, bookings for goods meant to last several years rose 1.6%, Commerce said.

Durable goods include large items like refrigerators and air conditioners.

By Light & Medium Truck

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