Updated: 26-Apr-21 09:22 ET
| March Durable Orders |
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| Updated: 26-Apr-21 09:22 ET |
Highlights
- Total durable goods orders rose 0.5% month-over-month in March (Briefing.com consensus 2.0%) following an upwardly revised 0.9% decline (from -1.1%) in February.
- Orders, excluding transportation, jumped 1.6%, in-line with the Briefing.com consensus estimate, after declining an upwardly revised 0.3% (from -0.9%) in February.
Key Factors
- Orders for primary metals increased 1.2% m/m after increasing 1.1% in February.
- Orders for fabricated metal products increased 3.6% m/m after increasing 0.7% in February.
- Orders for machinery increased 1.0% m/m after slipping 0.2% in February.
- Orders for transportation equipment declined 1.7% m/m after declining 2.0% in February.
- Orders for motor vehicles and parts jumped 5.5 % m/m after declining 9.1% in February.
Big Picture
- The key takeaway from the report is that business spending bounced back after the February downturn. That was seen in the 0.9% increase in nondefense capital goods orders, excluding aircraft.
| Category | MAR | FEB | JAN | DEC | NOV |
| Total Durable Orders | 0.5% | -0.9% | 3.6% | 1.2% | 1.3% |
| Less Defense | 0.5% | -0.4% | 2.4% | 1.5% | 1.3% |
| Less Transport | 1.6% | -0.3% | 1.7% | 1.8% | 1.0% |
| Transportation | -1.7% | -2.0% | 7.6% | 0.1% | 2.0% |
| Capital Goods | -3.5% | 2.7% | 8.7% | -1.1% | 0.7% |
| Nondefense | -4.7% | 5.5% | 6.3% | -1.2% | 1.1% |
| Nondefense/nonaircarft (core cap gds) | 0.9% | -0.8% | 0.7% | 1.5% | 1.2% |
| Defense Cap Goods | 3.8% | -9.7% | 22.2% | -0.9% | -1.4% |
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