Durable Goods Orders Drop, But Business Investment Revives

MarketWatch Pulse

Orders for durable U.S. goods fell a seasonally adjusted 0.5% in April, matching the forecast by economists polled by MarketWatch. Yet orders minus transportation rose 0.5%, the Commerce Department said Tuesday. Orders for core capital goods - a proxy for business investment - climbed 1% to mark the second straight gain. Shipments of core capital goods, a category used to help determine quarterly economic growth, increased 0.8% in April.

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