Economy
April 27, 2017
Durable Goods Orders Lower Than Expected in March
Written by Sandy Williams
Durable goods orders rose to a lower rate in March than expected. New orders rose 0.7 percent to $238.7 billion, well under the Bloomberg forecast of 1.3 percent. Orders for core capital goods (non-military capital goods minus aircraft that are used in GDP calculation) rose 0.2 percent, less than the 0.5 percent predicted.
Automotive vehicles and parts dropped 0.8 percent as automotive sales slow in 2017 after robust growth in the past two years.
