Orders for Durable Goods Poured Into U.S. Factories in March
By Shobhana Chandra Apr 24, 2014 8:56 AM ET2
Orders for durable goods poured into American factories in March, setting up manufacturing as one of the central drivers of a rebound in economic growth during the second quarter.
Bookings for goods meant to last at least three years increased 2.6 percent, the biggest gain since November, after rising 2.1 percent in the prior month, a Commerce Department report showed today in Washington. Orders excluding transportation equipment, which is often volatile, rose by the most in more than a year.
The biggest increase in computers and electronics orders since November 2010 highlighted a broad-based pickup in demand that will help the economy
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