U.S. Durable Goods Orders Gain Points to Better Spending
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Demand for U.S. durable goods rose in March for a third consecutive month, indicating business investment will pick up.
Bookings for equipment meant to last at least three years climbed 2.5 percent after a 0.7 percent gain the prior month that reversed a previously reported drop, the Commerce Department said today in Washington. The increase reflected growing demand for machinery, computers and automobiles.