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March Orders for Long-Lasting Goods Rose on Auto, Computer Demand
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Orders for long-lasting goods such as appliances, computers and cars rose in March, resuming gains after a sharp drop in demand at the end of the winter.
New orders for products meant to last at least three years increased by 0.8% to a seasonally adjusted $275 billion in March following a 1.7% drop in February, the Commerce Department said Tuesday. The increase was driven by orders for autos, computers and other electronics and marked the fifth increase over the last six months.
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