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Goods Orders Signal U.S. Factories Springing Back: Economy

Orders for U.S. durable goods excluding the volatile transportation category unexpectedly climbed in January by the most in eight months, a sign manufacturing is emerging from a slump induced by harsh weather.

The 1.1 percent increase was the biggest gain since May and followed a 1.9 percent drop in December that was larger than previously estimated, according to Commerce Department data issued today in Washington. Other reports showed more Americans than expected filed claims for jobless benefits last week, and consumer confidence improved to a two-month high.