Durable Goods Orders Fall In March

Orders for large manufactured products, excluding transportation goods, rose last month by the most since the recession began in December 2007.

Overall orders fell by 1.3 percent, the Commerce Department said Friday, dragged down by a sharp drop in demand for commercial aircraft. But excluding planes and other transportation goods, orders surged 2.8 percent, much more than analysts forecast.

The report is the latest sign that the once-battered manufacturing sector is helping drive the economic recovery. U.S. factories are benefiting from overseas sales and a sharp increase in business spending.

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By Christopher S. Rugaber, AP Economics Writer
Manufacturing.Net