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%.
Factory orders month over month for February 2019 were down 0.5% vs estimates of -0.6%, slightly beating estimates.
The negative numbers most likely have to do with a hangover from the government shutdown at the turn of the year and continuing uncertainty over trade policy with China as negotiations drag on.
Factory orders in the United States rose in January. Numbers reported today showed a 0.1% increase month over month vs a 0.3% consensus estimate.
As the corrupt media continues to discuss a 'slowing economy', the Trump train keeps producing growth.
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