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US goods orders fall more than expected in April

New orders for manufactured durable goods in the U.S. fell more than expected in April, down 1.7% to $248.5 billion from the revised $252.7 billion in March, data from the U.S. Census Bureau showed.

Econoday had estimated a 1.2% decline in April.

Transportation drove the decline, dropping 6.1% to $87.1 billion. Excluding transportation, new orders were up 0.9%, while they were down 1.9% excluding defense.

Shipments of manufactured durable goods broke an eight-month streak of increases and slipped 0.1% to $246.7 billion.

Unfilled orders were up 0.5% to $1.153 trillion.