Durable Goods Orders Bounce Back In April, Jumping 3.3%

[Purveyor]

Source: LA TIMES

WASHINGTON -- Orders for airplanes, appliances, computers and other long-lasting durable goods jumped 3.3% in April after a sharp decline the previous month, a positive sign for the economic recovery.

The increase was the second in three months for an important barometer of business and manufacturing strength. Durable goods are items meant to last at least three years.

Analysts had expected durable goods orders to bounce back from a revised 5.9% drop in March, but the rise reported Friday by the Commerce Department was more than double the 1.5% economists had projected.

April's increase was sparked by an 8.1% rise in orders for transportation equipment, to $67.6 billion.

Read more: http://www.latimes.com/business/money/la-fi-mo-durable-goods-orders-economy-20130524,0,855420.story

[Cirque du So-What]

1. If only

corporations would now invest some of that pile of cash upon which they're sitting and create some durable jobs.