ORDERS UP: Orders for durable goods _ items expected to last at least three years rose 0.2 percent in April to a seasonally adjusted $215.5 billion in April. That followed a 3.7 percent drop in March.
BUSINESS INVESTMENT DOWN: A measure of business investment spending fell for a second straight month. Companies ordered fewer computers, electronics and heavy machinery. The declines suggest growth could be off to a slow start in the April-June quarter.
OUTLOOK: Economists noted that others reports suggest factory activity and production grew last month. They expect manufacturing will remain a solid enough to support modest growth in coming months