Orders for US durable goods grew for the third straight month, exceeding analysts' expectations, driven by increased demand ahead of applying the new tariffs.
According to data issued Thursday by the US Census Bureau, durable goods orders increased 9.2% month-on-month (MoM) in March, or $26.6 billion, to $315.7 billion, following a 0.9% increase in February. This was in contrast to expectations of a 2.1% increase.
The rise was supported by a 27%, or $26.5 billion, increase in transportation equipment orders for the third consecutive month, reaching $124.6 billion in March.
Core durable goods orders, which exclude transportation segment, remained broadly unchanged compared to February.
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