Latest Commerce Department Data Paint Dismal Picture of Manufacturing

The sharp drop in new orders for manufactured durable goods in February reported by the Commerce Department suggests that “war jitters have put the manufacturing recovery in a holding pattern,” said David Huether, chief economist of the National Association of Manufacturers.

“Following a strong 1.9 percent bounce in January, new orders for manufactured durable goods declined by 1.2 percent to $170.2 billion last month,” Huether said. “Increased oil prices and a large decline in consum

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