Significant Growth in Durable Goods Orders

In an impressive economic turnaround, durable goods orders in the United States leaped by 9.2% in March, reaching a total of $315.7 billion. This remarkable growth, as reported by the Census Bureau, highlights a robust demand in the manufacturing sector.

Transportation Equipment Leads the Charge

The surge was predominantly driven by the transportation equipment sector, which witnessed a staggering 27% increase in orders compared to February, totaling $124.6 billion in March. This sector's explosive growth underscores its pivotal role in the month's economic performance.

Stable Orders Excluding Transportation and Defense

When transportation is excluded, new orders remained virtually unchanged, indicating the sector's outsized impact on the overall figures. Similarly, excluding defense, new orders saw a healthy increase of 10.4%, suggesting a balanced growth across other sectors.