US Durable Goods Orders Jump More Than Expected In March

WASHINGTON (Alliance News) - Reflecting a significant rebound in orders for transportation ...

Alliance News 25 April, 2019 | 2:23PM
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WASHINGTON (Alliance News) - Reflecting a significant rebound in orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for US manufactured durable goods jumped by much more than expected in the month of March.

The Commerce Department said durable goods orders surged up by 2.7% in March after tumbling by a revised 1.1% in February.

Economists had expected durable goods orders to climb by 0.8% compared to the 1.6% slump originally reported for the previous month.

Excluding the spike in orders for transportation equipment, durable goods orders rose by 0.4% in March after edging down by a revised 0.2% in February.

Ex-transportation orders had been expected to inch up by 0.2% compared to the 0.1% uptick originally reported for the previous month.

Copyright RTT News/dpa-AFX

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