Orders for Durable Goods in U.S. Rebounded 1.8% in January
A worker assembles washing machines at the Whirlpool Corp. manufacturing facility in Clyde, Ohio, U.S., on Wednesday, Dec. 9, 2015. The U.S. Census Bureau is scheduled to release business inventories figures on December 11.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Orders for U.S. durable goods rebounded in January, a sign companies remained upbeat at the start of the year.
Bookings for goods meant to last at least three years rose 1.8 percent after a 0.8 percent decrease in December, Commerce Department data showed Monday. Bookings for non-military capital goods excluding aircraft -- a proxy for future business investment -- unexpectedly fell 0.4 percent after a 1.1 percent jump in the prior month that was larger than previously estimated.