US durable goods orders for March +0.8% vs +0.5% expected
- Prior was -1.4% (revised to -1.2%)
- Durable goods orders ex-transport +0.9% vs +0.4% expected
- Prior ex-transport +0.8% (revised to +1.2%)
- Durable goods ex-defense -0.3% vs -1.2% prior (revised to -1.2%)
- Non-defense capital goods ex-air +3.3% vs +0.5% expected
- Prior +0.6% (revised to +1.6%)
New orders for manufactured durable goods in March, were up following three consecutive monthly decreases, increased $2.6 billion or 0.8 percent to $318.9 billion, the U.S. Census Bureau announced today. This followed a 1.2 percent February decrease. Excluding transportation, new orders increased 0.9 percent. Excluding defense, new orders decreased 0.3 percent. Computers and electronic products, up eleven of the last twelve months, led the increase, $1.0 billion or 3.7 percent to $29.6 billion.
The Advance Report on Durable Goods Manufacturers' Shipments, Inventories, and Orders, published monthly by the U.S. Census Bureau, is one of the most closely watched gauges of U.S. manufacturing activity and business investment. Released about 18 working days after each reference month at 8:30 a.m. ET, it covers new orders, shipments, unfilled orders, and inventories of products meant to last three or more years — from aircraft, vehicles, and machinery to computers and appliances.
A more comprehensive Manufacturers' Shipments, Inventories, and Orders (M3) release follows roughly a week later. Headline durable goods orders are notoriously volatile, swinging on lumpy aircraft and defense bookings, so analysts focus on two cleaner cuts: new orders excluding transportation, which strips out Boeing-driven swings, and nondefense capital goods orders excluding aircraft — the so-called "core capex" series — which is treated as a real-time proxy for business investment intentions and feeds into GDP estimates.
This article was written by Giuseppe Dellamotta at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
