5/30/2013

New orders for U.S. durable goods in April rose 3.3% to $222.6 billion, according to the Commerce Department. It followed March's sharp drop of 5.9% and highlighted the stop-and-go nature of industrial activity. "The durable goods report confirms a pace of industrial recovery that has been steady if at times uninspiring," said Kris Bledowski, MAPI senior economist.

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