US durable goods orders up 0.2 percent in April

AP News
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Posted: May 24, 2012 9:19 AM
US durable goods orders up 0.2 percent in April

Orders for long-lasting factory goods edged up slightly in April but a key category that tracks business investment spending fell for a second straight month.

The Commerce Department says orders for durable goods increased a slight 0.2 percent last month after a 3.7 percent decline in March.

But core capital goods orders, which are considered a proxy for business investment plans, fell 1.9 percent in April after a 2.2 percent decline in March. Demand for computers and electronics products and heavy machinery fell.

Overall orders for durable goods, items expected to last at least three years, rose to $215.5 billion, up 52.5 percent from their recession low hit in the spring of 2009. Orders are still 11.6 percent below their peak in December 2007. In March.