New orders
for
The report
said durable goods orders surged up by 5.7 percent in February following a
revised 3.8 percent decrease in January. Economists had expected durable goods
orders to rise by 3.5 percent compared to the 4.9 percent decrease that had
been reported for the previous month.
Excluding
orders for transportation equipment, however, durable goods orders fell by 0.5
percent in February compared to a 2.9 percent increase in January. Ex-transportation
orders had been expected to increase by 0.7 percent.