U.S. durable goods orders drop in March on aircraft

WASHINGTON, April 23 (BestGrowthStock) – New orders for
long-lasting U.S. manufactured goods unexpectedly dropped in
March as civilian aircraft bookings plunged, but recorded their
largest gain in more than two years excluding transportation,
government data showed on Friday.

The Commerce Department said durable goods orders fell 1.3
percent, the biggest drop since August, following an upwardly
revised 1.1 percent gain February.

Analysts polled by Reuters had forecast orders rising 0.3
percent last month from February’s previously reported 0.9
percent increase.

New durable goods orders excluding transportation jumped
2.8 percent last month, the largest rise since December 2007,
after increasing 1.7 percent in February. Analysts polled by
Reuters had expected new orders excluding transportation to
rise 0.7 percent.

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(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

U.S. durable goods orders drop in March on aircraft