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Back You are here: Home Web Only Industry Headlines Manufacturing & The Economy Orders for Durable Goods Drop 0.8% in March

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Orders for Durable Goods Drop 0.8% in March

The deep recession in manufacturing worsened in March, as demand for U.S.-made durable goods fell 0.8%, the seventh decline in the past eight months, the Commerce Department estimated Friday.

New orders declined in almost every industrial sector, although a key gauge of capital spending by businesses rose 1.5%, the second straight increase following a severe decline in January.

Source: MarketWatch

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