Durable Goods Orders Rise in April
Wednesday, June 3rd, 2009Author : Biz2Credit Advisor
Orders for durable goods rose 1.9 percent in April, reversing a months-long downward trend, according to the latest Commerce Department report.
Durable goods refer to big-ticket, long-lasting products that include everything from machine tools to treadmills. Much of the gain was driven by a 5.4 percent rise in orders for transportation equipment, said the Wall Street Journal.
The good news was tempered by a revision to March figures showing that durable goods orders fell 2.1 percent that month, instead of the 0.8 percent decline initially reported, said the Wall Street Journal.
This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to katie.kapler@biz2credit.com.
Tags: durable goods
