Durable Goods Orders in U.S. Unexpectedly Increase

Orders for long-lasting goods such as appliances and metals unexpectedly rose in April after a gain the prior month that was stronger than previously estimated, indicating U.S. manufacturing is rebounding with the economy.

Bookings for durable goods meant to last at least three years increased 0.8 percent after a revised March advance of 3.6 percent gain that was the strongest since November, Commerce Department figures showed today in Washington. Orders for military hardware surged the most since December 2012.