Economics
US Durable Goods Orders Rise on Steady Business Equipment Demand
- Bookings for long-lasting goods increased 0.4% in April
- Core capital goods orders and shipments continue to advance
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Orders placed with US factories for durable goods rose in April, highlighting firm and sustained demand for equipment and merchandise.
Bookings for durable goods -- items meant to last at least three years -- increased 0.4% in April after a downwardly revised 0.6% advance a month earlier, Commerce Department figures showed Wednesday. The figures aren’t adjusted for inflation.