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U.S. durable-goods orders fall 0.9% in February

U.S. durable-goods orders fall 0.9% in February (by Jeffry Bartash)

WASHINGTON (MarketWatch) - Orders for U.S. durable goods in February posted the biggest drop in four months, falling 0.9% largely because of lower sales of machinery and defense-related products. Orders minutes the volatile transportation sector also fell, down 0.6%, the Commerce Department reported Thursday. Economists surveyed by MarketWatch has expected orders to rise 1.5% overall, or an even stronger 2.5% minus transportation. Orders for January, meanwhile, were revised up to a 3.6% increase. The government originally reported that total orders rose 3.2% in January.