Investing.com - U.S. orders for long lasting manufactured goods fell slightly less than expected in February, while core orders were down more than expected, according to official data released on Thursday.
Total durable goods orders, which include transportation items, fell 2.8% last month, the Commerce Department said, compared to economists' expectations for a decrease of 2.9%.
January's orders were revised down to show an increase of 4.2% from a previously reported 4.7%.
Durable goods are typically bulky or heavy products designed to last at three years, such as trains, planes and automobiles.
Core durable goods orders, which exclude volatile transportation items, fell 1.0% last month, more than forecasts for a 0.2% decline.
January’s core durable goods orders were revised down to 1.2% from a previously reported 1.7%.