US Durable Goods Orders Skyrocket in March

In a remarkable display of economic strength, durable goods orders in the United States leaped by 9.2% in March, reaching a staggering $315.7 billion. This significant uptick, as reported by the Census Bureau, underscores the robust demand in the manufacturing sector.

Transportation Equipment Leads the Charge

The surge was predominantly fueled by the transportation equipment sector, which witnessed an extraordinary 27% increase in orders, totaling $124.6 billion for the month. This highlights the sector's pivotal role in the month's economic performance.

A Closer Look at the Numbers

When excluding transportation, new orders remained virtually unchanged, suggesting the sector's outsized impact on the overall figures. Conversely, excluding defense, new orders saw a healthy 10.4% rise, pointing to varied strengths across different segments of the economy.