ORDERS RISE: Orders to U.S. factories rose 1 percent in April as manufacturers rebounded after a 4.7 percent decline in March. The swing reflected a surge in commercial aircraft orders which had fallen sharply in March.
HOPEFUL SIGN: Orders in a category viewed as a proxy for business investment spending posted a moderate 1.2 percent rise following a 1.1 percent gain in March. More spending by businesses could ease fears that manufacturing will be a drag on the economy later this year.
TRENDS: Orders for long-lasting goods ranging from computers to battleships rose 3.5 percent in April following a 5.9 percent decline in March. Orders for nondurable products such as paper, chemicals and food fell 1 percent in April after a 3.5 percent March decline. The decline in nondurable products primarily reflected falling energy prices.