April U.S. durable goods orders rose 1.9%, while excluding transportation, orders climbed 0.8%, according to Commerce Department data released yesterday.

The March numbers were revised to a 2.1% decline in orders, after it was reported as a 0.8% decline last month, while excluding transportation, orders were down 2.7% in March.

Economists polled by Thomson Reuters predicted new orders of durable goods would be flat, and ex-transportation orders would be down 0.4%.

Excluding defense, new orders rose 1.0% in April after a 2.3% decline in March. Inventories fell 0.8% after a 1.7% slide in March.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.