US Durable Goods Orders Increase
In March 2023, new orders for durable goods in the United States increased by $8.6 billion or 3.2 percent to $276.4 billion, following two consecutive monthly decreases. Excluding transportation, new orders increased by 0.3 percent, while excluding defense, new orders increased by 3.5 percent. The increase was led by transportation equipment, which increased by $8.1 billion or 9.1 percent to $97.4 billion.
US Trade Deficit Shrinks in March
The U.S. Census Bureau released advance statistics for March 2023, which show that the international trade deficit decreased to $84.6 billion, down by $7.4 billion from February. Exports of goods increased by $4.9 billion to $172.7 billion, while imports of goods decreased by $2.5 billion to $257.3 billion.
US Wholesale Inventories Rise
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