Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods fell 4.2 percent in March, more than reversing a 1.9 percent gain in February, and pulling its 12-month growth rate down from 12.0 percent to 2.7 percent. Some of the recent weakness in new orders is due to flagging transportation orders, though excluding transportation, new durables orders still fell 1.1 percent in March. On a year-over-year basis, the series is up 5.0 percent. An important signal of future equipment and software investment—new orders of nondefense capital goods excluding aircraft—also dipped a bit in March, slipping down 0.8 percent after a 2.8 percent gain in February. Dragged down by a couple of weak reports, the 3-month (annualized) growth rate in nondefense captial goods orders (ex aircraft) stands at −6.0 percent, and its 12-month trend slipped down from 10.3 percent to 3.9 percent in March. Shipments of durables fared much better than new orders, rising roughly 1.0 percent in March (0.8 percent ex transportation shipments) and is up 6.0 percent over the past year. Manufacturers’ inventories rose 0.5 percent in March and are up 8.0 percent over the past year.