28 March 2001, 12:47  US BIG TICKET ORDERS SLIP IN FEBRUARY AFTER JAN FREE FALL

U.S. February durable orders declined 0.2% after plummeting 7.3% in January, giving few signs of hope that the manufacturing sector will post a quick turn-around. In fact, the orders data show continuing weakness in most sectors. Excluding the volatile transportation category, durables orders were up a small 0.5% in February after declining for two months. The main source of "strength" in the series was in a 6.0% rise in electronics orders.

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