Updated:
5/25/2011 9:00:00 AM
Durable goods orders slid 3.6% in April, the Commerce Department said Wednesday.
The decrease followed three straight gains including a revised 4.4% jump in March that was larger than previously estimated.
The April drop compared with analysts’ forecasts of a 2.5% decrease, Bloomberg reported.
Orders excluding transportation equipment fell 1.5% in April, following a 2.5% gain in March.
Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
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