Economics
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%
This article is for subscribers only.
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.