May 28, 2009

Durable goods orders rose in April

New orders for durable goods rose in April, the U.S. Commerce Department reported Thursday.

New orders for manufactured products expected to last more than three years rose 1.9 percent to $161.5 billion. It was the second rise in the past three months following a 2.1 percent decrease in March.

Shipments of durable goods fell for the ninth consecutive month, falling 0.2 percent to $174.2 billion. Inventories, down four straight months, fell 0.8 percent to $327 billion, following a 1.7 percent decline in the previous month.