April durables orders weak, jobless claims rise

(Reuters) - The tepid April increase for durable goods -- often costly manufactured items meant to last three years or more -- followed a sharp upward revision in the March figure to a gain of 5.0 percent from a previously reported figure of 3.7 percent, the Commerce Department said.




The April increase was well below the 1.0 percent rise in total durable goods orders forecast by Wall Street economists in a Reuters poll. The March figure was revised sharply upward to a 5.0 percent gain from a previously reported figure of 3.7 percent.


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