U.S. Durable Goods Orders Plunge 4.2% In March

By Joseph Lazzaro | April 25 2012 8:46 AM

Orders for U.S. durable goods plunged 4.2 percent in March, primarily due to fewer orders for commercial aircraft, the U.S. Commerce Department announced on Wednesday.

REUTERS

Orders for U.S. durable goods plunged 4.2 percent in March, primarily due to fewer orders for commercial aircraft, the U.S. Commerce Department announced Wednesday.

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The 4.2 percent plunge was substantially worse than the Bloomberg consensus estimate of a 1.5 percent decline.

Details to follow.

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