Orders for U.S. Durable Goods Increase More Than Forecast
An employee powder coats ventilator components at a production facility in Fort Collins, Colorado.
Photographer: Matthew Staver/BloombergThis article is for subscribers only.
Orders for U.S. durable goods increased more than forecast in February, a sign companies are confident about the outlook for the economy.
Bookings for goods meant to last at least three years rose 1.7 percent after a 2.3 percent advance the prior month that was larger than previously estimated, Commerce Department data showed Friday. The median forecast of economists surveyed by Bloomberg called for a 1.4 percent increase.