Durable Goods Orders Increased in March

New orders for manufactured durable goods increased 0.7% in March to $238.7 billion, following a 2.3% February increase, according to the U.S. Census Bureau.

New orders excluding defense rose 0.1% on the month, as orders of nondefense capital goods increased 1.2% to $75.0 billion.

Shipments of manufactured durable goods increased 0.2% to $239.8 billion.

Inventories of manufactured durable goods rose 0.1% to $385.7 billion, following a 0.2% February increase.

Read the Census release.