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Durable Goods Orders Easily Beat Estimates In March

Durable Goods Orders Easily Beat Estimates In March
Manufacture of aircraft at the Plant of the Standard Aircraft Corp., Elizabeth, N.J 1947

U.S. durable goods blew away the estimates in March coming in with an increase of 2.7% vs 0.8% consensus.

Ex-transportation was 0.4% increase vs 0.2% estimate.

Ex-defense the number was an increase of 2.3% vs 0.1% estimate. Non-defense capital goods ex-aircraft showed a 1.3% increase vs 0.1% estimate.

The Trump economy continues to defy the recession narrative.

Initial jobless claims for the week were 230,000 vs 200k estimate.

Continuing jobless claims were 1.655M vs 1.699 estimate.

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