RTTNews - Orders for durable goods increased by much more than expected in the month of April, according to a report released by the Commerce Department on Thursday, although the stronger than expected growth came after a steep decline in March.

The report showed that durable goods orders jumped 1.9 percent in April following a downwardly revised 2.1 percent decrease in March. Economists had expected orders to edge up 0.5 percent compared to the 0.8 percent drop that had been reported for the previous month.

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