Wednesday, May 25, 2005

MIXED Durable goods report

U.S. April Durable Goods Orders Rise 1.9%, More Than Forecast
May 25 (Bloomberg) -- U.S. orders for durable goods rose 1.9 percent last month, more than forecast and the most since November, suggesting the economy is undergoing a rebound in business investment.
Bookings for expensive items made to last at least three years increased to $200.3 billion, driven by demand for machinery, computers and aircraft, after falling a revised 1.6 percent in March, the Commerce Department said today in Washington. Excluding transportation equipment, orders fell 0.2 percent last month after a 0.2 percent increase that was previously reported as a 0.5 percent decline

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