Orders to U.S. factories for big-ticket manufactured goods rose unexpectedly in February, but economists said the gains were unlikely to last as the recession persists.
According to the U.S. Commerce Department, orders for durable goods increased 3.4% last month, much better than the 2% fall economists expected. It was the first advance after a record six straight declines and the strongest one-month gain in 14 months. Demand for machinery rose 13.5%, computers rose 10.1%, and orders for fabricated metal products were up 1.5%
to Daily News