U.S. Durable Goods Orders Spike Much More Than Expected As Aircraft Demand Soars

RTTNews | 49 gün önce
U.S. Durable Goods Orders Spike Much More Than Expected As Aircraft Demand Soars

(RTTNews) - A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods surged much more than expected in the month of March amid a spike by orders for transportation equipment.

The Commerce Department said durable goods orders shot up by 9.2 percent in March after climbing by a downwardly revised 0.9 percent in February.

Economists had expected durable goods orders to jump by 2.0 percent compared to the 1.0 percent increase that had been reported for the previous month.

"Companies are front running the tariffs, so these durable goods data aren't something to get excited about," said Jamie Cox, Managing Partner for Harris Financial Group. "The good news is that companies are protecting their earnings and margins, and investors will be happy about that."

The much bigger than expected increase by durable goods orders came as orders for transportation equipment soared by 27.0 percent in March after jumping by 1.2 percent in February.

Orders for non-defense aircraft and parts led the way higher, skyrocketing by 139.0 percent in March after tumbling by 7.4 percent in February.

Excluding the spike by orders for transportation equipment, durable goods orders were virtually unchanged in March after rising by 0.7 percent in February. Ex-transportation orders were expected to rise by 0.2 percent.

The report showed increases in orders for primary metals, fabricated metal products and machinery were offset by decreases in orders for computers and electronic products and electrical equipment, appliances and components.

The Commerce Department said orders for non-defense capital goods excluding aircraft, a key indicator of business spending, crept up by 0.1 percent in March after falling by 0.3 percent in February.

Shipments in the same category, which is the source data for equipment investment in GDP, rose by 0.3 percent in March after climbing by 0.7 percent in February.

Etiketler: USD
read more
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 20s 49 dakika önce
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 20s 53 dakika önce
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 22s 2 dakika önce
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 1 gün önce
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 6 gün önce