WASHINGTON (MarketWatch)
Orders for big-ticket U.S. items sank 5.7% in March, mainly because of fewer jetliner bookings, but demand softened for most durable goods last month
Economists surveyed by MarketWatch had expected orders to drop 3.2%
Stripping out the volatile transportation sector, orders fell a smaller 1.4%, the Commerce Department said Wednesday
Orders for core capital goods, a key barometer of private-sector business investment, edged up 0.2% after a 4.8% decline in February
Shipments of core capital goods, a category used to calculate quarterly economic growth, rose 0.3% in March
Durable orders for February, meanwhile, were revised down to show a 4.3% gain from a prior reading of a 5.6% increase
The latest report suggests that activity in the manufacturing sector cooled off a bit toward the end of the first quarter, a trend evident in other industry data
Orders for big-ticket U.S. items sank 5.7% in March, mainly because of fewer jetliner bookings, but demand softened for most durable goods last monthEconomists surveyed by MarketWatch had expected orders to drop 3.2%
Stripping out the volatile transportation sector, orders fell a smaller 1.4%, the Commerce Department said Wednesday
Orders for core capital goods, a key barometer of private-sector business investment, edged up 0.2% after a 4.8% decline in February
Shipments of core capital goods, a category used to calculate quarterly economic growth, rose 0.3% in March
Durable orders for February, meanwhile, were revised down to show a 4.3% gain from a prior reading of a 5.6% increase
The latest report suggests that activity in the manufacturing sector cooled off a bit toward the end of the first quarter, a trend evident in other industry data
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