Durable Goods not so Durable in February

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Factory orders for long-lasting manufactured goods decreased in February, according to a report from the Department of Commerce. So called Durable Goods are seen as a main indicator of the health of the manufacturing industry. Orders fell 2.8% in February after increasing by 4.2% in January. While not enough to erase the previous month’s gains, economists viewed the drop in orders as evidence the American manufacturers are still under pressure.

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