WASHINGTON — Orders for manufactured goods posted a surprisingly strong increase in April as demand rose across a number of industries.
The Commerce Department reported today that orders were up 1.1 percent in April following a 1.5 percent increase in March. Orders had fallen in January and March as a spreading slowdown in the overall economy depressed activity in manufacturing.
The April increase came as a surprise. Analysts had been forecasting a small decline.
The Commerce Department reported today that orders were up 1.1 percent in April following a 1.5 percent increase in March. Orders had fallen in January and March as a spreading slowdown in the overall economy depressed activity in manufacturing.
The April increase came as a surprise. Analysts had been forecasting a small decline.
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