Orders for Durable Goods in U.S. Decrease Less Than Forecast

From bloomberg.com

Orders for U.S. durable goods fell less than forecast in January, a sign manufacturing was beginning to emerge from the harsh winter weather that blanketed the nation. The 1 percent decrease in bookings for goods meant to last at least three years followed a revised 5.3 percent slump in December that was larger than previously estimated, data from the Commerce Department showed today. The median estimate in a Bloomberg survey called for a 1.7 percent decline. Orders for non-military capital goods excluding aircraft, a proxy for future business investment, improved. The figures show companies are regaining confidence ... (full story)