Durable goods requests disappoint in April with a 1.3% drop

Get real time updates directly on you device, subscribe now.

The Durable goods requests in the United States stood at -1.3% during the month of April after having risen 1.3% in March (figure revised up from + 0.5%). The result disappoints the market’s expectations, which expected an increase of 0.7%. Today’s is the biggest drop seen in a year, specifically since April 2020, in the middle of the coronavirus pandemic.

Excluding defense and aviation, the indicator increased 2.3% in April, notably surpassing the 0.8% forecast increase and the previous 1.6% increase (revised up from 0.9%). This is the biggest rise recorded since August 2020.

The Durable goods requests excluding transportation grew 1%, above the 0.8% estimate. The data for the previous month was revised up from 1.6% to 3.2%.

.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

buy kamagra buy kamagra online $255 payday loans online same day no denial payday loans direct lenders only