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.

View Full Article in:

Reuters

Published in Briefs: