After falling in each of the six previous months, durable goods orders unexpectedly showed a substantial increase in the month of February, according to a report released by the Commerce Department on Wednesday.

The report showed that durable goods orders jumped 3.4 percent in February after falling by a revised 7.3 percent in January. Economists had been expecting durable goods orders to fall by 2.5 percent compared to the 4.5 percent decrease that had been reported for the previous month.

For comments and feedback: contact editorial@rttnews.com