US durable goods orders drop 1.7% in April, but core capital goods orders rose as shipments rebounded [CNBC]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: CNBC
Overall orders for durable goods dropped 1.7 percent in April as demand for transportation equipment tumbled 6.1 percent. New orders for key U.S.-made capital goods increased more than expected in April, however, and shipments rebounded. The data suggested business spending on equipment was picking up after slowing down at the end of the first quarter. Published 1 Hour Ago Updated 1 Hour Ago Reuters Getty Images General Electric Co. (GE) clothes washers and dryers are offered for sale at a Home Depot store. New orders for key U.S.-made capital goods increased more than expected in April and shipments rebounded, suggesting business spending on equipment was picking up after slowing down at the end of the first quarter. The Commerce Department said on Friday that orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, jumped 1.0 percent last mo
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