Durable goods orders surged 2.9% in April, but scratch below the headline number and the report...

|By:, SA News Editor

Durable goods orders surged 2.9% in April, but scratch below the headline number and the report was negative. Orders excluding transportation actually fell 1%, as strong growth in Boeing (BA) orders contributed 3.9 points to the featured growth rate. March orders of non-defense capital goods were revised from 4.5% to 6.5%, but April orders dipped 2.4%.