Orders for durable goods rose 1.6% in January, the government said Friday. That's much higher than Wall Street expected.
Economists had forecast a 0.8% rise in orders for durable goods — products made to last at least three years. Orders for December were revised up sharply to a 1.2% gain from the prior estimate of 0.7%.
Economists had forecast a 0.8% rise in orders for durable goods — products made to last at least three years. Orders for December were revised up sharply to a 1.2% gain from the prior estimate of 0.7%.
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