Significant Growth in US Durable Goods Orders

In an impressive turn of events, the United States witnessed a remarkable 9.2% increase in durable goods orders this March, reaching a total of $315.7 billion. This data, released by the Census Bureau, highlights a vibrant month for the economy.

Transportation Equipment Leads the Charge

The standout performer was the transportation equipment sector, which saw orders skyrocket by 27% from February to March, culminating in $124.6 billion. This surge underscores the sector's pivotal role in the month's economic upturn.

Stable Orders Excluding Transportation and Defense

When transportation is excluded, the landscape appears more stable, with new orders remaining virtually unchanged. Similarly, excluding defense, new orders experienced a respectable 10.4% increase, indicating varied growth across different sectors.