According to the latest figures released, the total demand for durable goods in the US rose more than expected during the month of April indicating that the American economy might be on the path of a gradual recovery.

The data from the Commerce Department that was released today in Washington showed that the total bookings for equipment meant for the next three years increased 3.3 per cent during the month of April compared to a fall of
5.9 per cent in March. A survey by Bloomberg of 78 economists had predicted an increase of 1.5 per cent for the month.

The data also showed that the growth in the residential construction, growing demand for autos and the need to update equipment might help revive the manufacturing sector in the coming quarters and would help bring stable recovery in the world's largest economy. However, some have raised concerns over government cuts and falling exports that could affect overall recovery in the economy.

Experts said that the data is in line with the view that the US economy is recovering but it is recovering at a gradual pace. The global demand for the US exports remains week but the domestic demand has helped revive the economy.