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Orders for U.S. Durable Goods Rose More Than Forecast in April

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Fri, 24 May 13 5:11 PM | 23 view(s)
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Orders for U.S. Durable Goods Rose More Than Forecast in April
By Alex Kowalski - May 24, 2013 8:30 AM ET

Orders for U.S. durable goods increased more than forecast in April, pointing to gains in business investment that will help manufacturing rebound in the second half of the year.

Bookings for equipment meant to last at least three years increased 3.3 percent last month after dropping 5.9 percent in March, the Commerce Department said today in Washington. The median forecast from 78 economists surveyed by Bloomberg projected a 1.5 percent increase.

more:
http://www.bloomberg.com/news/2013-05-24/orders-for-u-s-durable-goods-rose-more-than-forecast-in-april.html

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