Durable Goods Orders Increased in February
New orders for manufactured durable goods increased 1.7% in February to $235.4 billion, following a 2.3% January increase, according to the U.S. Census Bureau. New orders excluding defense rose 2.1% on the month, as orders of nondefense capital goods increased 4.1% to $72.9 billion. Shipments of manufactured durable goods increased 0.3% to $239.2 billion. Inventories