U.S. Durable Goods Orders Show Steep Drop In April

logo

By RTTNews Staff Writer   ✉   | Published:

New orders for U.S. manufactured durable goods showed a substantial decrease in the month of April, according to a report released by the Commerce Department on Thursday.

The report said durable goods orders plunged by 17.2 percent in April following a revised 16.6 percent nosedive in March.

Economists had expected durable goods orders to plummet by 19.0 percent compared to the 14.4 percent slump originally reported for the previous month.

Excluding a steep drop in orders for transportation equipment, durable goods orders tumbled by 7.4 percent in April after falling by 1.7 percent in March.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Related Articles

Responses

Your email address will not be published.