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    Economy

    Durable Goods Orders Slip for First Time in Five Months

    Written by Sandy Williams


    Orders of manufactured durable goods orders decreased 0.7 percent in April, according to the Department Commerce.

    “The shipment of capital good non-defense ex-aircrafts came in at -0.1% MoM vs. +0.5% consensus and March was revised down to +0.2% from +0.5% prior — this doesn’t bode particularly well for second-quarter GDP,” noted BMO Capital Markets.

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