Wall Street Journal (05/27/14) Ben Leubsdorf
Demand for durable goods fell in April after an uptick in orders in March, though the losses were propped up by a $17.6 billion order for 10 submarines by the U.S. Navy. Durable goods orders rose 0.8% in April from the previous month if the 39.3% surge in defense orders is included but fell 0.8% if the surge in defense orders is excluded, according to the U.S. Department of Commerce. Overall orders in April were up 7.1% from a year ago, but declined from an annual increase of 11.3% in March.
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