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News Link • Business/ Commerce

Factory Orders, Except Aircraft, Fizzle Once Again

• mishtalk.com by Mish

Taking into account a 0.2 percentage point upgrade in February, the consensus estimate is on the money.

Excluding transportation, orders declined 0.3%.

Highlights

Factory orders, like much of the economy, fizzled in March, up only 0.2 percent and skewed higher for a third month in a row by aircraft. The split between the report's two main components shows a 0.5 percent dip for nondurable goods — the new data in today's report where weakness is tied to petroleum and coal — and a 0.9 percent rise for durable orders which is 2 tenths higher than last week's advance report for this component.

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