Durable goods orders grew 2.5% in March, the Commerce Department said Wednesday.
The increase, which is the third consecutive gain, followed a revised 0.7% rise in February that was originally reported as a 0.6% decrease.
The March gain was higher than analysts’ forecasts of a 2.3% increase, Bloomberg reported.
Orders excluding transportation equipment grew 1.3%, the best performance this year, Bloomberg said.
Durable goods include large items such as refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
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