Durable goods orders up 2.2 percent
Orders for U.S. durable goods rose in February as demand for automobiles, computers and capital equipment spurred the fourth monthly gain in the last five months, Bloomberg reported. Bookings for goods meant to last at least three years advanced 2.2 percent, less than projected, after a revised 3.6 percent decline the prior month, according to data from the Commerce Department released today. Economists had forecast a 3 percent gain, according to the median forecast in a Bloomberg News survey.