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SPAK - Durable Goods Orders Posted A Broad-Based Rebound In March
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New orders for durable goods increased 0.8 percent in March, rebounding from a 1.7 percent drop in February.
New orders for nondefense capital goods excluding aircraft, or core capital goods, a proxy for business equipment investment, jumped 1.0 percent in March after falling 0.3 percent in February.
Durable goods orders continue to be strong, particularly the core capital goods components, though some of the gain in nominal dollar orders is due to price increases.