US durable goods orders surge in March thanks to Beoing

(Sharecast News) - Durable goods orders in the States surged in March, as Boeing ramped up its production cadence. According to the Department of Commerce, in seasonally adjusted terms, total durable goods orders surged at a month-on-month pace of 9.2% to reach $315.729bn.

However, excluding those from the transportation sector, orders were roughly flat at $191.12bn.

Orders for transportation equipment were ahead by 27.0%, with those for autos and parts up by 2.3% to $63.94bn and those for commercial aircraft by 139% to $44.64bn.

Orders for capital goods excluding aircraft and defence jumped by 29.4% to $114.95bn.

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