Orders for U.S. durable goods dropped in April

05/26/2011 | IndustryWeek

U.S. durable-goods orders for April declined 3.6%, according to the Commerce Department. New orders excluding transportation dropped 1.5%. "The unequivocally negative report on the demand for long-lasting manufactured goods in April corroborates other recent evidence that the U.S. economic expansion continues to struggle," said Cliff Waldman, an economist at the Manufacturers Alliance/MAPI.

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