U.S. Durable goods orders rose 3.3 percent in April as companies invested in aircraft and auto equipment, the U.S. Commerce Department said on Friday.
Economists polled by Bloomberg had expected orders to rise 1.5 percent following a previously reported 5.7 percent decrease in March.
Orders excluding transportation equipment rose 1.3 percent after contracting a revised 1.7 percent decline in March. Economists predicted only a 0.5 percent gain.
My name is Carey Vanderborg and I'm a journalist working in New York City. I love food, travel, craft beer, live music and writing about all of the above.