The number of durable goods orders in the United States went up by 2.6% or $7.3 billion in March, landing at $283.4 billion, a report published by the United States Census Bureau on Wednesday showed.
Transportation equipment led the upbeat trend, jumping 7.7% or $6.8 billion in comparison to the previous month, coming in at $95.9 billion. Excluding transportation, new orders grew 0.2% in the reported month.
In addition, shipments of manufactured durable goods were unchanged from the month before to stand at $282.4 billion. Unfilled orders for manufactured durable goods advanced by 0.4% or $5.9 billion to $1.40 trillion, while inventories were virtually unchanged at $527.9 billion.