New orders for manufactured durable goods in the United States surged by 2.6% month-over-month in March 2024, following a downwardly revised 0.7% growth seen in February and slightly exceeding market expectations of a 2.5% increase. It marked the largest monthly advance in durable goods orders since last November, primarily propelled by robust demand for transport equipment (7.7% vs 1.8% in February). Orders rose across all categories, including vehicles (2.1% vs 1.9%), civilian aircraft (30.6% vs 15.6%), and defense aircraft (2.8% vs 9.1%). Additionally, demand increased for computers and electronic products (0.8% vs -1.9%), fabricated metal products (0.2% vs 0.7%), machinery (0.1% vs 1.5%), and electrical equipment, appliances, and components (0.1% vs -2.8%). Meanwhile, orders for non-defense capital goods excluding aircraft, a closely monitored proxy for business spending plans, rose by 0.2% in March, following a revised 0.4% increase in February. source: U.S. Census Bureau
Durable Goods Orders in the United States increased 2.60 percent in March of 2024 over the previous month. Durable Goods Orders in the United States averaged 0.33 percent from 1992 until 2024, reaching an all time high of 24.80 percent in July of 2014 and a record low of -19.90 percent in August of 2014. This page provides the latest reported value for - United States Durable Goods Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Durable Goods Orders - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Durable Goods Orders in the United States increased 2.60 percent in March of 2024 over the previous month. Durable Goods Orders in the United States is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.