Strong U.S. durable goods orders offer hope for manufacturing

By Reuters

Feb 25, 2016

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New orders for long-lasting U.S. manufactured goods in January rose by the most in 10 months as demand picked up across the board, offering a ray of hope for the downtrodden manufacturing sector.

While other data on Thursday showed new applications for unemployment benefits increased last week, they remained below levels associated with a tightening labor market. The reports suggest economic growth accelerated at the start of the year after stumbling in the fourth quarter.

Read the full story on reuters.com.

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