This website uses cookies. We use cookies to ensure that we give you the best experience on our website. Read More

US durable goods orders rebounded in March

26 Apr 2021 03:19 PM

Long-term US durable goods orders rebounded in March after a weak performance the previous month, but a shortage of key supplies continues to hold back manufacturers as they race to keep up with growing customer demand.

On Monday, the government said durable goods orders rose 0.5% last month. These products, such as electronics, appliances, machinery, cars, and other transportation equipment, are supposed to last for at least three years.

Expectations indicated a 2.2% increase. Requests would have been three times stronger in March had it not been for a sharp drop in commercial and military aircraft reservations.

Orders fell in February for the first time since the pandemic began, mostly due to unusually harsh winter weather and a sharp drop in car production due to a shortage of mainframe computer chips. However, one problem few companies face is the lack of demand.

The US economy accelerated after another massive stimulus and a drop in coronavirus cases. By nearly every measure, the demand for a range of manufactured goods is on the rise and it is unlikely that there will be any stoppages in the near future.


Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only