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Durable-goods orders snap back with 3.1% gain as business investment surges


Friday, 23 March 2018 19:48 WIB

Ekonomi ASU.S. Durable Goods


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Durable-goods orders jumped 3.1% in February, largely reversing a big drop at the start of the year and posting the biggest increase since last summer. Business investment also rebounded in a good sign for the U.S. economy.

Economists surveyed by MarketWatch had forecast a 1.8% increase in orders for durable goods — products designed to last at least three years.

Orders for passenger planes and autos both rose, but even after stripping out planes and cars, orders minus transportation climbed a solid 1.2%. Transportation often exaggerate the ups and downs in durable-goods orders because of lumpy demand.

A closely watched category of business investment, known as core orders, also advanced 1.8% to end a two-month losing streak. That’s the largest increase since the early fall.

Source : Market Watch


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