Transportation had a huge impact on the durable goods orders as threats of tariff probably influenced those numbers.. Also excluding defense, orders were up a March 10 .4%. Durable goods have been up for three consecutive months.
Transportation equipment has been up for three consecutive months and led the increases month with a gain of $26.5 billion or 27% to $124.6 billion
Looking at Shipments:
March durable goods shipments rose for the 4th straight month, up $0.2B (+0.1%) to $293.0B
February shipments rose 1.3%
Primary metals led gains, up $0.2B (+0.8%) to $27.8B, rising in 6 of the past 7 months
Unfilled Orders (Durable Goods)
Rose $27.7B (+2.0%) to $1,429.6B in March (up 8 of last 9 months)
Driven by transportation equipment: +$28.1B (+3.1%) to $931.6B
Inventories (Durable Goods)
Increased $0.5B (+0.1%) to $533.3B in March (up 5 straight months)
Machinery led the gain: +$0.2B (+0.2%) to $94.5B
Capital Goods (Nondefense)
New orders surged $26.1B (+29.4%) to $114.9B
Shipments fell $1.6B (-1.9%) to $86.1B
Unfilled orders rose $28.8B (+3.4%) to $875.6B
Inventories increased $0.7B (+0.3%) to $233.5B
Capital Goods (Defense)
New orders declined $1.3B (-9.4%) to $12.2B
Shipments dipped slightly (-0.2%) to $14.6B
Unfilled orders fell $2.4B (-1.1%) to $208.0B
Inventories rose $0.3B (+1.1%) to $27.2B
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us march advanced durable goods orders 9 2 versus 2 0 estimate was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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