U.S. durable-goods orders up in Jan.

02/27/2014 | Reuters

U.S. durable-goods orders excluding transportation swung to a gain of 1.1% last month after a 1.9% decline in December. The rise surprised analysts. However, the two months' figures reveal that "what we're not seeing in terms of manufacturing production is a consistent steady demand for products leading to a cumulative growth rate in manufacturing," said Lance Roberts, chief economist at STA Wealth Management in Houston. Separately, U.S. claims for unemployment benefits rose by 14,000 last week.

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