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- U.S. durable goods orders rise more than expected in April
U.S. durable goods orders rise more than expected in April
After reporting a sharp in new orders
for manufactured durable goods in the previous month, the Commerce
Department released a report on Friday showing that durable goods
orders rebounded by more than anticipated in the month of
April.
The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March. Economists had expected orders to climb 1.1 percent compared to the 5.7 percent drop that had been reported for the previous month.
Excluding a rebound in orders for transportation equipment, durable goods orders rose by 1.3 percent in April compared to a 1.7 percent drop in March.
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