Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 9.2% last month after slightly downwardly revised 0.9% gain in February, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had forecast durable goods orders advancing 2.0% after a previously reported 1.0% gain in February.
Nothing to see here folks - 'experts' just off by 360% in their 'expert' forecasts. Strange how all the errors only seem to go one way with Trump and the other way for the Democrat presidents.
Credit the rise to Boeing.
US durable goods orders soar on aircraft bookings in March
www.reuters.com
... Orders for long-lasting U.S. manufactured goods surged in March on strong demand for commercial aircraft, but activity elsewhere was muted, likely as businesses exercised caution against the backdrop of a darkening economic outlook caused by tariffs. ...
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