US: Durable Good Orders fell 5.7% in March

FXstreet.com (Barcelona) - The Commerce Department has informed that orders for US long-lasting goods have contracted 5.7% MoM during March, missing expectations at -2.8%, and down from 4.3% (revised) in February.

If we strip the Transportation sector, orders fell 1.4%, missing estimates at 0.5% although better than February’s -1.7% (revised).