April durable goods orders fall at faster pace than forecast in US
Lower crude oil prices, a stronger US dollar and weak overseas demand were cited as the main reasons behind the decrease in durable goods orders.
The report also showed that orders for nondefense capital goods excluding aircraft rose 1% while orders for commercial aircraft and parts declined 4% after surging 40.7% in the previous month. Defense aircraft and parts orders fell 12.8% following a 120.4% jump in March.
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