FXstreet.com (Barcelona) - Against expectations, orders for expensive goods have decreased further in March, although the fall was softer than in February, and, mainly, due to a sharp decline in transportation orders, according to data released by the US Commerce Department.
Orders for durable goods have dropped 0.3% in March to $212.2 billion, against the experts forecasts of a 0.1% increase. This is the third consecutive decline in durable goods. Excluding transportation, orders of all other goods would have risen 1.5%.
Shipments have decreased 0.4% on the month, while unfilled orders increased 0.9%, inventories have gone 1.1% up in March.