US durable goods orders soared by 9.2% mom in March to USD 315.7B, far surpassing expectations of a 1.5% mom gain. The sharp rise was driven almost entirely by a surge in transportation equipment, which jumped 27% mom to USD124.6B, marking a third consecutive monthly increase. Orders excluding defense also posted a strong 10.4% mom […]
The post US durable goods orders surge 9.2% mom on transportation demand, but underlying momentum stalls appeared first on Action Forex.
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