New orders for manufactured durable goods increased 0.8% to $230.7 billion in March, following a 3.1% decrease in February, according to the U.S. Census Bureau. The majority of the month’s increase was driven by a 2.9% increase in new orders for transportation equipment. Excluding transportation, new orders fell 0.2%.
New orders excluding defense fell 1.0% on the month, as orders of nondefense aircraft and parts and nondefense capital goods slipped. Nondefense aircraft and parts orders fell 5.7% to $9.6 billion, while nondefense capital goods orders fell 1.1% to $71.6 billion.
Shipments of manufactured durable goods, down three of the last four months, fell 0.5% to $237.0 billion, following a 1.0% decrease in February.
Inventories of manufactured durable goods were virtually unchanged at $394.1 billion, following a 0.3% decline in the previous month.
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