4/25, 2:31 PM (Source: TeleTrader)
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US durable goods orders up by 2.7% in March

New orders for manufactured durable goods in the United States were 2.7% or $6.8 billion higher in March, to reach a figure of $258.5 billion, the US Census Bureau said in a release on Thursday. The recorded figure follows a decrease of 1.1% seen in February and marks a growth for a fourth out of previous five months.

Excluding transportation, the new durable goods orders were up 0.4% in March, while excluding defense, the figure was 2.3% higher. Transportation equipment led the March growth and it increased by 7.0% to $93.8 billion. Shipments of manufactured durable goods were up by 0.3% in March, following the same increase seen the month before. Inventories of durable goods were 0.3% higher to reach a figure of $420.5 billion.

Non-defense orders of capital goods rose 6.5% to $80.5 billion. Shipments stood at $79.0 billion in March, unchanged from the figure recorded the month before.

Breaking the News / SS