Durable goods orders fell 3.7 percent in January, mostly due to volatile aircraft sector

Durable-goods order fell by a sharp 3.7% in January — the largest decline since last summer — mostly due to a sharp drop in contracts for passenger planes. Without including planes and cars, orders fell a much smaller 0.3%. However, a key measure of business investment fell for a second straight month, which has not happened since early 2016.

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