US factory orders for March 1.6% versus 1.6% expected

• Prior month 1.4% revised to 1.2%
• Factory orders for March 1.6% versus 1.6% expected
• Factory orders ex transportation 0.5% versus 1.1% preliminary and 1.1% last month
• Durable goods orders for March unrevised at 2.6% preliminary. Last month 0.7%. Best level since November 2023
• Durable goods ex transportation 0.2% versus 0.2% preliminary. Last month 0.1%.
• Nondefense capital goods Ex air 0.1% versus 0.2% preliminary. Last month 0.4%

A look at shipments shows:

Overall Shipments

• Decreased by $0.3 billion or 0.1% in March to $282.1 billion.
• Decline observed in three of the last four months.

Durable Goods

• Transportation equipment shipments decreased by $0.5 billion or 0.6% to $89.3 billion.
• This sector also saw declines in three of the last four months.

Nondurable Goods

• Increased by $1.9 billion or 0.6% to $301.2 billion.
• This rise followed a 1.7% increase in February.
• Continuous increase observed over two consecutive months.

Petroleum and Coal Products

• Led the increase in nondurable goods with a $0.8 billion or 1.2% rise to $68.7 billion.
• Also up for two consecutive months.

• Shipments 0.0% vs 0.2% preliminary and -0.6% last month

This article was written by Greg Michalowski at www.forexlive.com.