Friday, April 24, 2015

Durable Goods Orders Rebound in March

After falling 1.4% in February, new orders for durable manufactured goods increased by 4.0% in March according to the U.S. Census Bureau. This was the second increase over the past three months. Excluding transportation, new orders decreased 0.2%. Excluding defense spending, orders increased 2.6%.

Transportation orders rose by 13.5% after a February decline of 1.8%. Shipments of manufactured durable goods increased 1.1% after falling for the past two months. Inventories of manufactured durable goods increased 0.1% to the highest level since the index was first published in 1992. Computers and electronic products drove the increase in inventories, rising 0.7% from February.

Defense new orders for capital goods increased 17.0% in March . New orders for defense aircraft and parts increased 113%; non-defense aircraft orders also experienced large gains, increasing 30.6% in March after declining slightly in February.

Read the U.S. Census release

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