Durable-goods orders post surprise 1.8% uptick in U.S.

06/25/2009 | Bloomberg · Wall Street Journal, The

In a surprise for many economists, orders for durable goods in the U.S. increased 1.8% last month, the Commerce Department reported. The median forecast of economists polled by Bloomberg News called for a 0.9% drop. At the same time, orders for nondefense capital goods excluding aircraft jumped 4.8%. The figure is often seen as a leading indicator of future business investment.

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Bloomberg · Wall Street Journal, The

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