By Joshua Kirby
Orders for long-lasting goods picked up pace in the U.S. in March as economic activity swelled.
New orders for products meant to last at least three years--such as automobiles, white goods and industrial machinery--rose 2.6% on month, according to adjusted Commerce Department data published Wednesday. This was in line with economists' expectations set out in a poll by The Wall Street Journal and continues a rally begun a month prior, when orders rose 0.7%.
Orders for transportation equipment led March's increase, especially for civilian aircraft and parts, which increased by a third on the month. Other categories saw falling orders, however, including computers and primary metals.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
04-24-24 0856ET
