Durable goods see gains.(orders rise)(Brief Article)(Statistical Data Included)
Home Textiles Today, February, 2002
In one more signal that a slumbering U.S. economy may be turning around, durable goods orders jumped up 2.0 percent in December, the Commerce Department reported, back on track after a steep 6.0 percent drop in November. The increase was sharply higher than the 1.3 percent increase that had been forecast by economists canvassed by Briefing.com.
Excluding highly volatile defense-related items, orders still rose by 1.7 percent, up from a revised reading of 1.5 percent in November. Excluding the similarly volatile transportation sector -- easily skewed by car and airplane orders -- sales of durable goods moved up by 1.4 percent, reversing a 1.1 percent decline the previous month. Sales of durable goods include products made by U.S. factories --...
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