Orders for Durable Goods Declined 14.4% in March
Washington, DC, April 24, 2020-New orders for manufactured durable goods in March decreased $36.0 billion or 14.4% to $213.2 billion, the U.S. Census Bureau announced.
This decrease, down following three consecutive monthly increases, followed a 1.1% February increase.
Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0% to $51.2 billion.