Striding, Not Limping Along

By June 3, 2008Economy

From the WSJ:

WASHINGTON — Factory orders unexpectedly surged in April and a barometer of capital spending by U.S. businesses also jumped, according to government data giving the limping manufacturing sector a pleasant surprise.

Orders for manufactured goods increased 1.1%, following a revised 1.5% advance in March, the Commerce Department said Tuesday. Originally, factory orders were seen 1.4% higher in March.

Census Bureau news release here.

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