26.05.2022 10:57
New orders for manufactured durable goods are up 6th time in last 7 months.
US durable goods orders declined in April below the market estimate, according to official data released on Wednesday.
New orders for manufactured durable goods rose 0.4% to $265.3 billion last month, the US Commerce Department's Census Bureau said in a report.
The rise, which marks the sixth increase in the last seven months, follows a 0.6% gain in March.
However, the latest figure fell short of the market estimate of a 0.6% increase.
"Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 0.3%," the report said. -