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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