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Durable Goods Orders in the US increased by 1.1%, or $3.1 billion, in April to $283 billion, the US Census Bureau announced on Friday. This reading followed the 3.3% increase recorded in March and came in better than the market expectation for a decrease of 1%.
"Excluding transportation, new orders decreased 0.2%," the publication further read. "Excluding defense, new orders decreased 0.6%. Transportation equipment, also up two consecutive months, drove the increase, $3.5 billion or 3.7% to $97.6 billion."
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