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 a total of $315.7 billion, as reported by the Census Bureau. This surge highlights a robust demand in the economy, particularly in the transportation sector.

Transportation Equipment Leads the Charge

Transportation equipment orders experienced the most significant growth, jumping by 27% from February to March, totaling $124.6 billion. This sector's performance underscores its pivotal role in the month's overall increase.

Stable Orders Excluding Transportation and Defense

When excluding transportation, new orders remained virtually unchanged, indicating the sector's outsized impact on the month's figures. Similarly, excluding defense, new orders saw a 10.4% increase, suggesting a healthy demand in non-defense related sectors.