Durable goods orders fall for 3rd time in 4 months in February
Washington
ORDERS for durable goods fell in February for the third time in four months, reflecting a broad-based slowdown that underscores lingering softness in US capital investment.
Bookings for goods and materials meant to last at least three years declined 2.8 per cent after a 4.2 per cent gain that was less than previously reported, Commerce Department data showed on Thursday. Bookings for non-military capital goods excluding aircraft dropped 1.8 per cent, more than estimated.
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