U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive

Reflecting a continued slump in orders for transportation equipment, the Commerce Department released a report on Friday showing an unexpected decrease in new orders for U.S. manufactured durable goods in the month of February. The Commerce Department said durable goods orders slid by 1.0 percent in February after plummeting by a revised 5.0 percent in January.

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