U.S. Durable Goods Order Drop Much More Than Expected
By R. Mitchell on May 25, 2011 in Money
The commerce department released its advance report of April durable goods orders. Due to a slump in auto and aircraft manufacturing, durable goods orders dropped 3.6%, a much larger decrease than the 2.2% expected by analysts. New Orders New orders for manufactured durable goods in April decreased $7.1 billion or 3.6 percent to $189.9 billion, [...]
