Notizie economiche
02.05.2024

U.S. factory orders surge 1.6 per cent in March

The U.S. Commerce Department reported on Thursday that the value of new factory orders surged by 1.6 per cent m-o-m in March, following a downwardly revised 1.2 per cent m-o-m climb (from +1.4 per cent m-o-m) in February. This was the strongest monthly gain in factory orders since November 2023 (+2.6 per cent m-o-m).

Economists had predicted an increase of 1.6 per cent m-o-m for March.

According to the report, orders for durable goods jumped 2.6 per cent m-o-m in March, primarily reflecting a -7.8 per cent m-o-m surge in transportation equipment. Meanwhile, orders for nondurable goods rose by 0.6 per cent m-o-m.

Total factory orders excluding transportation, a volatile part of the overall reading, increased by 0.5 per cent m-o-m (compared to an unrevised 1.1 per cent m-o-m advance in February), while orders for nondefense capital goods excluding aircraft, a measure of business spending plans, edged up 0.1 per cent m-o-m (compared to a 0.4 per cent m-o-m gain in February and instead of increasing of +0.2 per cent m-o-m as reported last month).

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