U.S. Manufacturing Orders Rose Sharply in April

In a sign that business investment may be stabilizing, orders for goods like metals, machinery and electronic equipment picked up in April, the government reported on Thursday.

The Commerce Department said orders for durable goods rose 1.9 percent last month, by $3 billion to a total of $161.5 billion. That was a larger increase than expected, but it came after a sharp drop of 2.1 percent in March.

After that decline, shipments of durable goods fell 0.2 percent in April, and total inventories fell 0.8 percent. But businesses ordered more fabricated metal products, machinery and motor vehicles.

Read Full Article from New York Times

- Posted: 2009-05-28 10:20:37

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