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U.S. Manufacturing Orders Rose Sharply in April

In a sign that business investment may be stabilizing, orders for goods like metals, machinery and electronic equipment picked up in April, the government reported on Thursday.

 

The Commerce Department said orders for durable goods rose 1.9 percent last month, by $3 billion to a total of $161.5 billion. That was a larger increase than expected, but it came after a sharp drop of 2.1 percent in March.

 

Source: New York Times

 

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