Market Updates
Durable Goods Orders Advanced In March
Brian Turner
26 Apr, 2023
New York City
Durable goods orders increased in March and rebounded from the decline in February, the Commerce Department reported Wednesday.
Orders for long lasting items such as computers, household appliances and transportation equipment rose 3.2% to $276.4 billion.
Orders rebounded from the decline in 1.2% in February.
Excluding transportation, new orders increased 0.3% and excluding defense, new orders rose 3.5%.
Transportation equipment, also up following two monthly decreases in a row, led the increase, $8.1 billion or 9.1% to $97.4 billion.
Orders for non-defense capital goods excluding aircraft, generally viewed as a barometer for business spending, fell 0.4% in March, following a 0.7% decline in February.
Shipments of manufactured durable goods in March increased following two consecutive monthly decreases,
Shipments increased $2.9 billion or 1.1% to $277.0 billion, following a 0.8% increase in February.
Transportation equipment shipments rebounded after falling for two months in a row by $3.3 billion or 3.7% to $93.3 billion.
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