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Durable Goods Orders decreased less than expected

Thursday, Mar 24 2016
Orders for durable goods fell in February for the third time in four months, reflecting a broad-based slowdown that underscores lingering softness in U.S. capital investment. Bookings for goods and materials meant to last at least three years declined 2.8% after a 4.2% gain that was less the previously reported, Commerce Department data showed Thursday. Bookings for non-military capital goods excluding aircraft dropped 1.8%, more than estimated.
Limited progress by companies in bringing inventories more in line with sales has led to thinner order books at the nation’s factories. Tepid global markets, the dollar’s advance and a slump in commodity prices also have led overseas customers to pare bookings as manufacturing remains a weak spot of the economy. 
 
Separate report, on Unemployment Claims showed that in the week ending March 19, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 265,000 to 259,000. The 4-week moving average was 259,750, an increase of 250 from the previous week's revised average. The previous week's average was revised down by 8,500 from 268,000 to 259,500.
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