Manufacturing in U.S. Cools as Durables Orders Slump
This article is for subscribers only.
Demand for durable goods slumped in March by the most in seven months, adding to signs manufacturing in the U.S. cooled at the end of the first quarter.
Bookings for merchandise meant to last at least three years fell 5.7 percent after a revised 4.3 percent gain the prior month that was smaller than previously estimated, the Commerce Department reported today in Washington. The less-volatile category that excludes transportation equipment unexpectedly dropped for a second month.