Updated on April 24, 2024 10:09:51 AM EDT

This morning’s economic headlines came from the release of March’s Durable Goods Orders report at 8:30 AM ET. It revealed a 2.6% rise in new factory orders for big-ticket items such as airplanes, appliances and electronics. The headline number was a bit stronger than the 2.4% that was expected, but this data is known to be volatile. Therefore, the variance from forecasts is fairly insignificant. Also, a secondary reading that excludes transportation orders (airplanes) came in slightly below predictions (up 0.2% compared to 0.3%). Furthermore, February’s increases for these numbers were revised much lower than previously announced.
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