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Firm U.S. Durable Goods Orders Underscore Resilient Investment

  • Bookings for durable goods climbed 0.8% in March in broad gain
  • Non-defense capital goods orders ex-aircraft jumped 1%
A worker welds a door inside a safe at a manufacturing facility in Payson, Utah.
A worker welds a door inside a safe at a manufacturing facility in Payson, Utah.Photographer: George Frey/Bloomberg
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Orders placed with U.S. factories for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth.

Bookings for durable goods -- items meant to last at least three years -- increased 0.8% in March after a revised 1.7% decline a month earlier, Commerce Department figures showed Tuesday. The figures aren’t adjusted for inflation.