Economy
May 28, 2019
April Durable Goods Report Disappoints
Written by Sandy Williams
Trade tensions with China and a slower economy took a toll on durable goods orders in April. Orders fell 2.1 percent in April to a seasonally adjusted $248.4 billion, reported Commerce. April’s data includes a revision for March new orders to $506.2 billion from $508.5 billion.
Civilian aircraft led last month’s decline, plummeting 25 percent as Boeing failed to secure orders in March or April. Slower factory demand was also to blame, said economists.
