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Durable Goods Orders – March 2015

Durable goods orders surged 4% in March, which was a pleasant surprise; but it turns out that virtually all of the durable goods’ surge was due to higher orders for commercial airplanes (up 30.6%); military hardware (up 17%); and vehicles (up 5.4%). “Core” durable goods orders, excluding commercial planes and military hardware, declined 0.5% in March. Core capital goods declined 0.4%, while the shipments of core capital goods also declined 0.4% in March.

Furthermore, business investment declined 0.5% in March for the seventh straight month. Due to these details in the durable goods report, economists continue to revise their first-quarter GDP forecast lower.

By |2015-04-28T16:12:11+00:00April 28th, 2015|Categories: Leading|Tags: |0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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