Economy
May 26, 2016
Increase in Durable Goods Orders But Core Goods Below Forecast
Written by Sandy Williams
New orders for durable goods in April increased 3.4 percent to $235.9 billion from March’s upwardly revised figure of 1.9 percent, according to the advance report from the Department of Commerce. Durable goods are manufactured products that are expected to last at least three years.
Transportation orders led the increase with a jump of 8.9 percent. Civilian aircraft orders surged 64.9 percent in April.
