Investing.com - Orders for long lasting U.S. manufactured goods rose strongly in April, figures on Thursday showed.
Total durable goods orders rose 3.4% the Commerce Department said, after a 1.9% increase in March.
Economist had expected an increase of just 0.5%.
But the report also pointed to weakness in business spending plans, with core capital goods orders down 0.8%.
The drop in core capital goods orders indicated that the manufacturing rout is far from over.