US economy defies expectations as April durable goods orders rise 0.7%

The United States Census Bureau has released its monthly advance report on ‘Durable Goods Manufacturers’ Shipments Inventories and Orders’ for April 2024. According to the report, new orders for manufactured durable goods were up $1.9 billion to $284.1 billion in April – an increase of 0.7%. An unexpected boon This was the third consecutive month that […]