Orders for durable or long-lasting goods fell sharply in April, mostly because of falling demand for Boeing jets and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy.
Orders for durable goods — products meant to last at least three years — dropped 2.1% in April, the government said Friday. The increase in orders in March was also marked down.
Economists surveyed by MarketWatch had forecast a 2.4% decline in new orders.
If cars and planes are stripped out, orders were flat. Transportation often exaggerates the ups and downs in orders because of lumpy demand from one month to the next.
Source : Marketwatch