- Orders for long-lasting manufactured goods in the United States exhibited a significant surge in March.
- The US Dollar Index continues to trade with a downward bias, hovering around the 99.50 level.
New orders for durable goods in the US experienced a substantial increase of 9.2%, equivalent to $26.6 billion, reaching $315.7 billion in March, according to data released by the US Census Bureau on Thursday. This figure represents a considerable acceleration from the 0.9% gain recorded in February and significantly exceeded analysts’ forecasts, which had anticipated a 2% rise.
The official statement noted, “If we remove transportation, new orders showed almost no movement.” It further stated, “When defense is excluded, new orders climbed by 10.4%. The primary driver of the overall increase was transportation equipment, which has now risen for three months in a row, adding $26.5 billion, a 27% jump to $124.6 billion.”
