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US durable goods orders up 2.6 percent in March

By Martin Crutsinger
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US durable goods orders up 2.6 percent in March

WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.

Orders for durable goods increased 2.6 percent in March following a 2.1 percent rise in February, the Commerce Department reported Thursday. Those back-to-back gains followed two big declines in December and January which had raised concerns about possible weakness in manufacturing.

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