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Friday, April 23, 2004 | 9:36 a.m.

Orders for big-ticket goods jump by 3.4 percent

WASHINGTON -- Orders to factories for costly manufactured goods, such as cars and machinery, rose by a strong 3.4 percent in March, fresh evidence that America's economic recovery is bounding ahead.

The sizable over-the-month increase in durable-goods orders came after an even better 3.8 percent advance in February, the Commerce Department reported today. Durable goods are big-ticket items expected to last at least three years.

The strength in March was broad-based and far exceeded the 0.7 percent increase that economists were forecasting.

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