Rebound in durable-goods orders below expectations
Wed, Apr 27, 2016 - 5:50 AM
Orders for durable goods rebounded by a less than expected 0.8 per cent in March. Economists polled by Reuters had forecast durable-goods orders advancing 1.8 per cent last month.
ORDERS for long-lasting US manufactured goods rebounded less than expected in March. Slumping demand for automobiles, computers and electrical goods suggests that the downturn in the factory sector was far from over.
The Commerce Department said on Tuesday that orders...