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Economic Report: Durable-goods orders rise in January for 3rd straight month and investment rebounds

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Orders for durable goods — products meant to last at least three years — rose in January for the third month in a row.

The numbers: Orders for long-lasting durable goods rose in January for the third month in a row and business investment posted the biggest increase since last summer, indicating a key segment of the economy is still expanding at a steady if unspectacular pace.

Orders rose 0.4% in January, according to a government report delayed because of the partial federal shutdown earlier this year. Economists surveyed by MarketWatch had forecast a 0.1% decline.

If transportation is stripped out, orders dipped 0.1% owing to decline in bookings for new cars and trucks.

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