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March Durable Goods Report Shows Slowing Economy

U.S. core capital goods orders, a measure of hard goods being ordered from manufacturers, fell again in March.

So-called core orders excluding aircraft and military goods fell 0.5%. Shipments of core capital goods, a category used to help determine quarterly economic growth, dropped 0.4% in March

February’s numbers were in the negative as well and combined with March could signal a stagnant or reversing U.S. economy.

Economists cut first quarter growth to just above 1 percent or lower, with Amherst Pierpont Securities now forecasting absolutely no growth at all.

Military and aircraft orders showed an increase which offset the consumer drop in goods orders.


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Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and