Tags: US | Durable | Goods

US Durable Goods Advance Modest 0.7 Percent in March

Image: US Durable Goods Advance Modest 0.7 Percent in March
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Thursday, 27 Apr 2017 08:42 AM

Orders for long-lasting manufactured goods posted only a modest gain in March as a key category that tracks business investment plans remained weak.

The Commerce Department says orders for durable goods rose a slight 0.7 percent in March, the weakest showing since a 0.9 percent decline in December. The strength came from big increases in the volatile categories of commercial aircraft and military aircraft which offset a drop in demand for motor vehicles.

The category that serves as a proxy for business investment plans edged up a slight 0.2 percent, the third straight month that this key category has shown weakness.

Manufacturers are hoping for a rebound this year after recent struggles with a strong dollar cutting into exports and cutbacks in the energy sector

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Economy
Orders for long-lasting manufactured goods posted only a modest gain in March as a key category that tracks business investment plans remained weak.The Commerce Department says orders for durable goods rose a slight 0.7 percent in March, the weakest showing since a 0.9...
US, Durable, Goods
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2017-42-27
Thursday, 27 Apr 2017 08:42 AM
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