U.S. Durable Goods Orders Spike 7.9% In April, Much More Than Expected

India, May 28 -- A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of April.The Commerce Department said durable goods orders spiked by 7.9 percent in April after jumping by an upwardly revised 1.3 percent in March.Economists had expected durable goods orders to surge by 2.8 percent compared to the 0.8 perce...

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