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Durable goods orders fall 5.7% in March

By The Associated Press

This article was published April 24, 2013 at 11:53 a.m.

WASHINGTON — Orders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment.

The Commerce Department said orders for durable goods fell 5.7 percent in March.

Boeing Inc. reported Wednesday that its income rose 20 percent in the first quarter despite troubles with the 787 Dreamliner. The big airplane maker earned $1.11 billion, or $1.44 per share. Revenue fell 3 percent to $18.89 billion because Boeing delivered just one 787 before the plane was grounded in mid-January because of battery problems.

Read Thursday's Arkansas Democrat-Gazette for more details.


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