US March durable goods orders post largest gain in 8 months
The increase was attributed to higher demand for commercial aircraft, which surged 30.6% in March following a decrease of 2.2% in February. The report also showed that orders for motor vehicles increased 5.4% while orders for overall transportation expanded 13.5% from a month earlier. Orders for machinery equipment declined 1.5% while communications equipment orders fell 5.3% in March. Orders for computers rose 11%.
However, the country’s business investment plans declined 0.5%, posting the seventh consecutive decrease in March, showing that manufacturers are still struggling with the effects of a stronger dollar.
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