U.S. core capital goods orders eke out surprise gain

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WASHINGTON (Reuters) – New orders for key U.S.-made capital goods unexpectedly rose in March, but the gains are unlikely to be sustainable amid the novel coronavirus outbreak, which has virtually shut down the country and contributed to a collapse in crude oil prices.

FILE PHOTO: A General Motors worker monitors a Level 1 medical mask making machine, as the spread of the coronavirus disease (COVID-19) continues, at the former GM Transmission facility in Warren, Michigan, U.S., April 23, 2020. REUTERS/Rebecca Cook

Despite the slight pickup in demand reported by the Commerce Department on Friday, shipments of these goods dropped further

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