U.S. durable-goods orders rise 3.6% in May

06/25/2013 | Wall Street Journal, The

U.S. durable-goods orders jumped 3.6% in May from April, matching that month's gain and topping expectations. The volatile aircraft sector accounted for much of the gain, but orders minus transportation were still up 0.7% for the month. "The improving tone ... signals increased confidence among the business community about the sustainability of the economic recovery -- which could itself become self-fulfilling," economist Millan Mulraine of TD Securities told clients.

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Wall Street Journal, The

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