Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods slipped down 1.3 percent (nonannualized) in March, following an upwardly revised 1.1 percent gain in February. However, the overall decline was mostly due to an outsized decline in aircraft and parts orders (down 42.2 percent). Excluding transportation, new orders rose 2.8 percent in March, pushing up its 12-month growth rate to a relatively strong 13.5 percent. Orders for nondefense capital goods excluding aircraft?a leading indicator or investment spending—jumped up 4.0 percent during the month, pushing its 3-month annualized growth rate up to 6.2 percent, and its 12-month growth rate up to 12.6 percent (highest since September 2006). Shipments of durables rose 1.2 percent in March, following two consecutive slight declines. Also, manufacturers added to inventories for the third month in a row, increasing 0.2 percent in March, though the series is still down 7.2 percent on a year-over-year basis.