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.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
