A report released by the Commerce Department on Wednesday showed an unexpected increase in new orders for U.S. durable goods in the month of February.The Commerce Department said durable goods orders jumped by 1.2 percent in February after a revised uptick 0.1 percent in January.Economists had expected durable goods orders to decrease by about 0.8 percent compared to the 0.2 percent dip that had b...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.