**US Durable Goods Orders Unexpectedly Soar In March... Thanks To Boeing**

US Durable Goods Orders Unexpectedly Soar In March... Thanks To Boeing

After declining for two straight months (https://www.zerohedge.com/markets/us-durable-goods-orders-unexpectedly-drop-feb-weakest-yoy-2-years), analysts expected US durable goods orders to bounce modestly (+0.7% MoM) in preliminary March data released today. Instead the print **soared 3.2% MoM** rescuing the YoY from dropping negative for the first time since Aug 2020...

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_Source: Bloomberg_

Core orders (ex-Transports) rose 0.3% MoM (better than the 0.2% drop expected) highlighting that this headline surge was all Boeing - **with a 78.4% MoM surge in non-defense aircraft and parts orders**

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_Source: Bloomberg_

**On the negative side,** the value of core capital goods orders, **a proxy for investment in equipment that excludes aircraft and military hardware, fell 0.4% last month** with a big downward revision to -0.4% MoM in February.

Shipments also tumbled 0.4% MoM.

So, aside from Boeing, this is not pretty at all.

Tyler Durden (https://cms.zerohedge.com/users/tyler-durden)Wed, 04/26/2023 - 08:38

https://www.zerohedge.com/markets/us-durable-goods-orders-unexpectedly-soar-march-thanks-boeing