Durable goods orders April 2019

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Durable goods on sale in Los Angeles.

Lucy Nicholson | Reuters

New orders for U.S.-made capital goods fell more than expected in April, further evidence that manufacturing and the broader economy were slowing after a growth spurt in the first quarter that was driven by exports and a buildup of inventories.

The Commerce Department said on Friday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.9% last…



Source cnbc.com

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