Economic Report: Durable-goods orders grow at fastest rate in 7 months as business investment rebounds

Bloomberg News/Landov
A worker installs the final body parts on a Venice model roadster vehicle in Utah. Order for long-lasting or durable goods surged in March.

The numbers: Orders for long-lasting durable goods posted the biggest increase in March since last summer, potentially signaling a rebound in the slower-growing industrial side of the economy.

Durable-goods orders leaped 2.7% last month, led by stronger demand for autos, planes and networking equipment , the government said Thursday. Economists surveyed by MarketWatch had forecast a 0.5% increase

If cars and planes are stripped out, orders rose a smaller but still solid 0.4%. Transportation often exaggerates the ups and downs in orders because of lumpy demand from one month to the next.

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