Breaking: US Durable Goods Orders plunged by 14.4% in March
|Durable Goods Orders in March declined by 14.4% to $213.2 billion following February's increase of 1.1% (revised from 1.2%), the data published by the US Census Bureau showed on Friday. This reading came in worse than the market expectation for a fall of 11.9%.
"Excluding transportation, new orders decreased 0.2%," the publication further read. "Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0% to $51.2 billion."
Market reaction
The US Dollar Index largely ignored this reading and was last seen down 0.1% on the day at 100.38. Meanwhile, US stock index futures rise more than 0.5% after the data to suggest that Wall Street is likely to open the day modestly higher.
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