Durable Goods post largest decline in 3 years

[iamwhatiseem]

I could have predicted this in mid February...

Durable Goods Orders Post Biggest Decline in 3 Years | Fox Business

Demand for long-lasting U.S. manufactured goods dropped by the most in three years in March and a gauge of business spending plans fell, suggesting factory activity lost momentum as the first quarter ended.

Durable goods orders tumbled 4.2 percent, the largest decline since January 2009, the Commerce Department said on Wednesday after a downwardly revised 1.9 percent increase in February.

Economists had forecast orders for durable goods, which range from toasters to aircraft, falling 1.7 percent after a previously reported 2.4 percent rise in February.

Read more: Durable Goods Orders Post Biggest Decline in 3 Years | Fox Business

 

[Wiseacre]

Big drop. I thought I heard that consumer confidence has fallen too, albeit not that much. Too soon and too little data to draw any conclusions though, we shouldn't get too exercised one way or the other IMHO.

 

[Mr. H.]

I'm partial to ephemeral bads.