Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods fell 5.7 percent in March. Over the past year, new orders are up 0.5 percent. Much of the decline in the headline number was due to a large decline in transportation equipment (down 15.0 percent in March). Excluding transportation equipment, new orders decreased 1.4 percent in March, following a decline of 1.7 percent and gain of 3.0 percent in February and January, respectively. Orders for nondefense capital goods excluding aircraft, which is used to evaluate the near-term outlook in equipment and software investment, fell 0.2 percent in March. Shipments of durable goods, which are up 4.1 percent over the past year, rose 0.4 percent in March. Perhaps more encouraging is that shipments of nondefense capital goods excluding aircraft, which map directly into GDP, rose 0.3 percent in March. This increase followed a gain of 1.2 percent in February. On a year-over-year basis, shipments of nondefense capital goods excluding aircraft are up 1.2 percent.