Durable Goods Fall 0.5% in April

More bad economic news this morning. Orders for durable goods fell 0.5% last month. The good news is that business investing rose by 1%.

The Commerce Department says that total orders for durable goods slipped 0.5 percent from March, when total orders had surged 5.1 percent. The big swing was driven by changes in commercial aircraft, an extremely volatile category that had jumped in March but fell in April.

Orders in the business investment category rose 1 percent in April after a 1.5 percent increase in March. The results followed a sizable 5.1 percent fall in February. Business investment has been hurt by a stronger dollar cutting into exports and cutbacks in the energy industry.

Posted by on May 26th, 2015 at 8:51 am


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