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Friday, January 21, 2022
HomeNewsEconomyDurable Goods Orders Post Modest Gains Overall

Durable Goods Orders Post Modest Gains Overall

A 787 Dreamliner being built for Air India is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina. (Photo: Reuters)
A 787 Dreamliner being built for Air India is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina. (Photo: Reuters)

A 787 Dreamliner being built for Air India is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina. (Photo: Reuters)

The Commerce Department said Thursday durable goods orders rose by a modest 0.7% in March, fueled by first-quarter orders for civilian aircraft. The strength in commercial aircraft (8.7%) and military aircraft offset a drop in demand for motor vehicles.

It’s still the weakest showing since a 0.9% decline in December.

So-called core capital goods (nondefense ex-aircraft) were soft, up only 0.2%. That’s half of the increase that the median forecast expected.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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