U.S. Capital Goods Orders Rise in April

U.S. new capital goods orders rose in April more than expected, as businesses recover from the coronavirus pandemic, data showed on Thursday.

Orders increased by 2.3% last month, according to the U.S. Department of Commerce.

On an annual basis, the rise was by 14.7%.

Core capital goods shipments also grew by 0.9%.

Meanwhile, core capital goods orders increased by 1.6% in March, with shipments rising by 1.5%.