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Orders for durable goods rise in April

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Orders for durable goods rise in April

Increase of 0.8% beats estimates.

New orders for durable goods increased 0.8% in April, the U.S. Census Bureau announced today. The increase follows March’s revised increase of 3.6%.  

Analysts had expected a decrease of 0.5%.

Non-defense capital goods orders excluding aircraft, often called “core” capital goods, fell 0.2% during the month, following a revised increase in March of 4.7%. Economists had expected an increase in orders of 0.2%.

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Overall, the tepid results reflected in the report suggest caution in anticipating accelerated growth in the second quarter.

 

 

 

 

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