Durable Goods Orders in March in the U.S. reportedly declined by 14.4% to $213.2 billion following February’s increase of 1.1% (revised from 1.2%). Data published Friday by the U.S. Census Bureau came in worse than the market expectation for a fall of 11.9%.
“Excluding transportation, new orders decreased 0.2%,” the publication further read. “Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0% to $51.2 billion.”
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