May. 4 at 3:46 PM
Commerce Dept: Factory orders were up +1.5%/month vs est of +0.5/month
Orders increased +3.7% y/y in March
The increase in March was led by the largest single month in orders for the computers & electronics products category in 25 years. Orders climbed +3.6% to
$29.6B, the most since March 2001. Within that category, new orders for electromedical, measuring & control instruments rose +7.9% to
$10.6B, a record high
Orders for durable goods rose +0.8%, as previously reported, while non-durable goods orders were up +2.1% to the highest level since Oct 2022
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