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Durable-goods orders rebound 1.9% in May

Durable-goods orders rebound 1.9% in May ( BA ) (by Greg Robb)

WASHINGTON (MarketWatch) - Orders for U.S.-made durable goods partially rebounded in May after a steep decline in April, the Commerce Department reported Friday. Durable-goods orders rose 1.9% in May after an upwardly revised 2.7% fall in April. The increase in May was slightly stronger than expected. Economists polled by MarketWatch expected a 1.6% rise in durables orders. Transportation orders had the biggest increase last month. Excluding transportation, orders rose 0.6%. Shipments rose 0.3% in May. Orders for core capital goods rose 1.6% in May after a 0.8% fall in April.