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Q1 Non-farm Up, Factory Orders Up, Durable Goods as Forecast

Q1 non-farm productivity rose to 3.6%, up to levels not seen since 2015, a good signal for growth outlook. US factory orders surpassed expectations, registering gains of 1.9% for March vs. a market forecast of 1.6%. Durable goods came in as expected at 2.6%, but the non-defense capital goods reading (ex-aircraft) was a bit higher at 1.4%.

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