Orders for products expected to last more than three years have fallen two out of the past three months
New orders for durable goods fell 3.6 percent in April, according to data released today by the U.S. Department of Commerce. Orders totaled $189.9 billion, a decrease of $7.1 billion from March.
Orders for durable goods – products expected to last more than three years - decreased in two of the last three months. Transportation equipment had the largest decrease of 9.5 percent.