Significant Growth in Durable Goods Orders

The United States witnessed a remarkable increase in durable goods orders, with a 9.2% rise in March, reaching $315.7 billion. This data, released by the Census Bureau, highlights a robust demand in the economy.

Transportation Equipment Leads the Charge

Transportation equipment orders experienced the most significant jump, soaring by 27% from February to March, totaling $124.6 billion. This sector's growth underscores the dynamic shifts in consumer and business spending patterns.

Stable Orders Excluding Transportation and Defense

When excluding transportation, new orders remained virtually unchanged, indicating a balanced growth across other sectors. Similarly, orders excluding defense saw a healthy increase of 10.4%, further emphasizing the broad-based nature of this economic upturn.