Orders for durable goods climbed for the third straight month in February in what officials hope is further evidence of a recovery in the US. Inventories and backlogged orders also rose suggesting that retailers are preparing for increased sales.
Ã¢â‚¬Å“Businesses are ready to invest not just in inventories, but in equipment as well,Ã¢â‚¬Â said Lindsey Piegza, an economist at FTN Financial in New York, who accurately anticipated the gain in orders. Ã¢â‚¬Å“These will be some of the key drivers of growth going forward.Ã¢â‚¬Â
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