Publish date:

Durable Goods Orders Rise 1.9%

The figure was ahead of analysts' expectations for April.
Author:

New orders for durable goods in April rose 1.9%, with transportation equipment, led by nondefense aircraft and parts, showing the biggest increase.

According to a Commerce Department report, orders for manufactured durables last month were up $3.7 billion to $200.3 billion, following a 1.6% decline in March. Excluding transportation, new orders fell 0.2%. Without defense, new orders climbed 2.3%.

Transportation equipment rose 8.2% to $53.1 billion, after four straight monthly declines.

Economists polled by

Bloomberg

TheStreet Recommends

were expecting an increase of 1.3% in April's durable goods orders. Analysts surveyed by

Dow Jones

and

CNBC

were calling for a 1.5% gain.