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Summary Box: US durable goods orders rise

The Associated Press

ORDERS RISE: US business orders for long-lasting manufactured goods rose 2.2 percent last month, the Commerce Department said. The increase suggests factory output will continue to boost economic growth.

MORE INVESTMENT: Orders for machinery, computers and other "core" capital goods, a gauge of business investment, rose 1.2 percent. Core goods orders fell in January by the most in a year, after a tax credit expired.

MODEST INCREASE: February's rise disappointed some economists, who had hoped to see a bigger gain. Orders for commercial aircraft, which are highly volatile, were lower than forecast, reducing the gain.