Thursday, May 24, 2007

WRAPUP 1-U.S. April durables orders weak, jobless claims rise

(Reuters) - The tepid April increase for durable goods -- often costly
manufactured items meant to last three years or more --
followed a sharp upward revision in the March figure to a gain
of 5.0 percent from a previously reported figure of 3.7
percent, the Commerce Department said.




The April increase was well below the 1.0 percent rise in
total durable goods orders forecast by Wall Street economists
in a Reuters poll. The March figure was revised sharply upward
to a 5.0 percent gain from a previously reported figure of 3.7
percent.


Read more at Reuters.com Economic News

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