by Mike ‘Mish’ Shedlock
Mish Talk
Durable goods orders for March rose 0.8% following a downward revision in February from -2.8% to -3.1%.
Motor vehicle orders fell a steep 3.0%.
Shipments declined 0.5% but core capital goods shipments rose 0.3%. Core capital goods revisions were hugely negative.
The Bloomberg Econoday consensus was 1.6%, double the reported number.