Durable Orders Rise More-than-Expected in March

The Commerce Department said on Wednesday durable goods orders, a leading indicator of manufacturing, increased 2.5% after an upwardly revised 0.7% rise in February, which was previously reported as a 0.6% fall. Excluding transportation, durable goods orders rose 1.3% after a revised 0.6% gain in February, which was previously reported as a 0.3% drop. Economists had expected this category to rise 1.8%. – Reuters