Wednesday, April 25, 2007

WRAPUP 1-U.S. durable goods orders up, investment strong

(Reuters) - The pickup in March durable goods orders followed a revised 2.4 percent February gain, the Commerce Department report showed, and handily surpassed Wall Street economists' expectations for a 2.5 percent increase.

Even excluding transportation goods, which account for more than a quarter of overall business, March orders were up 1.5 percent after declining 0.4 percent in February.


Read more at Reuters.com Economic News

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