By Joshua Kirby
Orders for durable goods rose again in the U.S. last month as demand proved robust.
New orders for products meant to last at least three years--such as automobiles, white goods and industrial machinery--rose by 0.7%, adjusted Commerce Department data showed Friday. This was however from a lower base after March's figure was revised downward to a 0.8% increase, from 2.6% in an initial estimate.
Economists surveyed by The Wall Street Journal had expected orders to fall back 1% on the month.
Defense orders led April's increase, with defense capital goods booking a rise of more than 15%.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
05-24-24 0852ET
