US: Durable goods orders likely to decline 0.2% in March - TDS

Analysts at TD Securities are expecting the US durable goods orders to register a modest -0.2% m/m decline in March, improving from -1.6% in February.

Key Quotes

“A decrease in the highly volatile nondefense aircraft segment and a third consecutive drop in vehicles orders are likely to drag the headline measure lower. On the bright side, we anticipate the key durable ex-transportation measure to advance 0.2% m/m in March, while core capex orders should post a flat print following a marginal decline at -0.1% in February.”