March US Durable Goods Orders
US durable goods orders rose a slightly more-than-expected 2.5% m/m sa to $208.4 billion in March, a third consecutive monthly rise, after an upwardly revised 0.7% m/m advance in February, according to figures from the Commerce Department. The March rise was led by motor vehicles, industrial machinery, and primary metals. Excluding transportation, durable goods orders grew for a second month in March, gaining a less-than-expected 1.3% m/m sa to $153.7 billion, following an upwardly revised 0.6% m/m increase in the prior month. Durable goods orders climbed 12.2% y/y nsa in March; ex-transportation orders rose 7.0% y/y nsa. Shipments of non-defense capital goods excluding aircraft, used in calculating GDP, advanced 2.2% m/m in March after a downwardly revised 0.4% m/m increase in February.
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