U.S. core capital goods order up, but worries linger

Underlying strength in the economy, however, remains less than stellar at the start of the year," said Diane Swonk, chief economist at Mesirow Financial in Chicago. The Commerce Department said durable goods orders excluding transportation rose 1.1 percent, the largest increase since May, after falling 1.9 percent in December. Durable goods are items from toasters to aircraft meant to last three years or more. The increase last month, which beat economists' expectations for a 0.3 percent fall, reflected a surge in orders for computers and electronic products, fabricated metal products and defense capital goods.

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