WASHINGTON (Reuters) – Demand for long-lasting manufactured goods surged in February, though a gauge of planned business spending slipped after surging the previous month, suggesting factory activity continued to expand at a moderate pace. Durable goods orders jumped 5.7 percent as demand for transportation equipment rebounded strongly, the Commerce Department said on Tuesday. The rise last month in durable goods orders, which range from toasters to aircraft, reversed January's 3.8 percent plunge. Economists polled by Reuters had expected orders to rise 3. …
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