- Best since May 2021
- Prior was -0.5% (revised to +0.1%)
- Ex transport +2.5% vs +0.4% prior (revised to +1.0%)
- March durable goods orders reversed to +1.1% vs +0.8% prelim
- Durable goods orders non-defense ex air +1.3% vs +1.0% prelim
This is strong all around. The FOMC will be seeing this data and it underscores the long order books at factories, abundant jobs and pricing power. There was a stumble in the Feb data but it's been revised away to go with the robust headlines.
