US manufacturing finally had some news worth celebrating today as it was revealed orders of durable goods were up 3.4 per cent in February.
That constituted a $5.5bn rise to $165.6bn, the Department for Commerce reports. Durable goods are classed as any manufactured item that is expected to last at least three years. One of the main contributors to the upturn was military goods but orders for machinery, computers and fabricated metal products all picked up too. Economists were…
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