The U.S. Census Bureau reported new orders for manufactured durable goods rose $6.8 billion or 2.7% to $258.5 billion in March, easily beating the consensus. The increase follows a decrease of 1.1% in February.
The consensus forecast was looking for a gain of 0.7%, ranging from a low of -0.5% to a high of 1.9%. Durable goods have been up four of the last five months.
Excluding transportation, new orders increased 0.4%. Excluding defense, new orders increased 2.3%.
The consensus forecast was looking for a gain of 0.7%, ranging from a low of -0.5% to a high of 1.9%. Durable goods have been up four of the last five months.
Excluding transportation, new orders increased 0.4%. Excluding defense, new orders increased 2.3%.