Orders for long-lasting durable goods increased more than expected last month while a snapshot of manufacturing activity showed it slowed this month and there were mixed results for housing during February, according to four new economic reports.
Economic Watch: GDP Performance Unchanged; Durable Goods Rebound
The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.