U.S. orders for durable goods
unexpectedly fell 1.8 percent in January, after bookings for
aircraft and other transportation equipment slumped. Excluding
those products, orders rose for the eighth month out of nine.
Orders for items made to last at least three years fell to
$181 billion after gaining 1.6 percent in December, the Commerce
Department said in Washington. The December increase compares with
a 0.3 percent gain that was previously reported. Excluding
transportation equipment, orders rose 2 percent in January, the
biggest increase since October, after a 1.7 percent increase.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
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Demand for business equipment rose, as companies place more
orders to help meet rising domestic demand. At the same time, a
drop in the value of the dollar is helping stimulate purchases
from abroad. Rising bookings at companies such as Qualcomm Inc.
are bolstering expectations the economy will grow this year at the
strongest pace in 20 years.
Bloomberg News
