U.S. April durable goods orders down 0.5%

WASHINGTON (MarketWatch) - Orders for U.S.-made durable goods sank in April, falling 0.5% on weaker demand for airplanes, vehicles, and computers the Commerce Department reported Wednesday. Excluding the 8.0% decrease in transportation goods, orders rose 2.5%, the biggesst gain since July 2007. The decrease in overall orders was much smaller than the expected 2.8% drop forecast by economists surveyed by MarketWatch. A sharp gain in electronics orders partially offset the weakness in other areas. So-called core durable goods orders rose 4.2% in April. Shipments rose 1.2% in April. Inventories rose 0.5% while unfilled orders rose 1.0%.
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