Mumbai, March 27 -- New orders for U.S. manufactured durable goods unexpectedly increased in the month of February, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said durable goods orders climbed by 0.9 percent in February after spiking by an upwardly revised 3.3 in January.
The unexpected growth by durable goods orders partly reflected a continued increase by orders for transportation equipment, which jumped by 1.5 percent in February after soaring by 10.2 percent in January.
However, excluding orders for transportation equipment, durable goods orders still rose by 0.7 percent in February after inching up by 0.1 percent in January. Ex-transportation orders were expected to rise by 0.2 pe...