US durable goods orders rose 1.2%, but ex-transport orders dropped -0.6%

<p>US durable goods orders rose 1.2% mom to US D249.4B in February, much better than expectation of -0.9% decline. However, ex-transport orders dropped -0.6%, below expectation of -0.2%. Ex-defense orders rose 0.1%. Full release here. &#160;</p>
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