March Orders for Long-Lasting Goods Rose on Auto, Computer Demand

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US durable-goods orders rose 0.8% last month, posting their fifth increase in six months amid supply-chain disruptions and high inflation

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Economists surveyed by The Wall Street Journal had forecast an increase of 0.8%.

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First-time orders in February for all manufacturing industries were revised up to $272.7 billion from the prior month’s estimate.

Excluding defense, orders of durable goods rose 1.2%.

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Strong consumer demand and limited inventories have boosted manufacturing demand, but supply-chain bottlenecks have continued to constrain production and drive up prices. The war in Ukraine and Western sanctions on Russia as well as a surge of Covid-19 cases in China, which has prompted lockdowns of manufacturing hubs like Shanghai, could all aggravate the supply-chain disruptions.

New orders for nondefense capital goods excluding aircraft, so-called core capital-goods, a closely watched proxy for business investment, rose by 1% to $80.8 billion in March compared with the previous month.

Write to David Harrison at [email protected]

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Credit: www.wsj.com /

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