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Durables orders tumble - Demand for goods meant to last three years or sank 2.9% in April, far below estimates.
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| Contributor | RP |
| Last Edited | RP May 26, 2004 04:32pm |
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| Category | News |
| News Date | Wednesday, May 26, 2004 06:00:00 AM UTC0:0 |
| Description | April orders for long-lasting goods made in the United States posted the largest drop in 20 months, the government reported Wednesday, coming in well below economists' forecasts.
Durable goods orders sank 2.9 percent to $191.3 billion last month after coming in at a revised increase of 5.7 percent in March, the Commerce Department reported. Economists had expected a drop of 0.8 percent, according to Briefing.com. |
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