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 analystsâ€™ 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.
Â© 2010, Transport Topics Publishing Group. All rights reserved.
Durable Goods Orders Fall 3.6% (5/25/2011 9:00:00 AM)
March Factory Orders Rise 3% (5/3/2011 10:15:00 AM)
March Truck Tonnage Rises 6.3% (5/2/2011 4:00:00 AM)
Durable Goods Orders Rise in March (4/27/2011 8:45:00 AM)
Trucking Jobs Grow 3% to 1.27 Million in March (4/11/2011 5:00:00 AM)
Wholesale Inventories Rise 1%; Sales Fall (4/8/2011 10:15:00 AM)
OTHER NEWS BRIEFS