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Durable Goods Orders rose less than expected

Thursday, Apr 27 2017
Durable Goods Orders rose less than expected

Orders for durable goods rose less than forecast in March as demand for automobiles, fabricated-metal products and machinery all declined, Commerce Department data showed Thursday. Bookings for goods meant to last at least three years rose 0.7 percent (forecast was 1.3 percent rise) after a 2.3 percent February advance that was higher than previously estimated.

Excluding transportation-equipment demand, which is volatile, orders fell 0.2 percent, the first decline since June, after a 0.7 percent rise. Orders for non-military capital goods excluding aircraft rose 0.2 percent (median projection was 0.5 percent gain). Shipments of those non-defense, non-aircraft capital goods, which are used to calculate gross domestic product, rose 0.4 percent last month after a 1.1 percent increase in February.

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