• Worst since April 2020
  • Prior was +1.4% (revised to +1.5%)
  • Ex transport -0.4% vs +1.2%
  • Feb durable goods orders reversed to -2.1% vs -2.2% prelim
  • Durable goods orders non-defense ex air -0.2% vs -0.3% prelim
  • Manufacturing inventories +0.6% vs +0.8% prior
  • Factor orders ex-transport +0.4% vs +1.2% prior

This report is generally in-line with expectations.