U.S. Durable Goods Orders Slump Much More Than Expected In February

India, April 7 -- Largely reflecting a steep drop in aircraft orders, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods slumped by much more than expected in the month of February.

The Commerce Department said durable goods orders tumbled by 1.4 percent in February after falling by a revised 0.5 percent in January.

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Published by HT Digital Content Services with permission from RTT News....