US Durable Goods Misses Estimates after Rising by 0.8% in March

Source: Census Bureau

The US recorded $275 billion in new orders of durable goods in March, up by 0.8% or $2.3 billion from the prior month. The orders missed estimates of a 1% increase. SPY is down -0.63%, DXY is up +0.23%.

• The increase in the durable goods orders happens after a slump of 1.7% in February. Excluding transportation, durable goods saw a 1.1% increase in new orders.
• The shipments of durable goods accelerated in March, jumping by 1.2% or $3.3 billion to $274.2 billion. The increases follow a gain of 0.1% in February.
• The unfilled orders were up 0.4% or $5.3 billion to $1,295.6 billion, with the orders having increased in the last fourteen straight months. 
• The inventories saw an increase of 0.7% or $3.3 billion, to $482.9 billion, after another surge of 0.6% in February.
• The orders for nondefense capital goods saw declines of 0.5% or $0.5 billion to hit $90.0 billion.