Orders for long-lasting durable goods posted the biggest increase in March since last summer, potentially signaling a rebound in the slower-growing industrial side of the economy.
Durable-goods orders leaped 2.7% last month, led by stronger demand for autos, planes and networking equipment , the government said Thursday. Economists surveyed by MarketWatch had forecast a 0.5% increase
If cars and planes are stripped out, orders rose a smaller but still solid 0.4%. Transportation often exaggerates the ups and downs in orders because of lumpy demand from one month to the next.
Source : Marketwatch