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Durable-goods orders plunge 14.4% in March as automakers, Boeing take big hit
Orders for durable goods sank 14.4% in March largely because of a decline in demand for big-ticket items such as new cars and trucks with the coronavirus sweeping across the country. The sharp decline in demand last month is likely to be the first of series of historically poor numbers with much of the U.S. economy shut down and international trade severely disrupted. Economists surveyed by MarketWatch had forecast a 12.8% decline in orders for long-lasting products made to last at least three years. If cars and planes are stripped out, orders were actually fell just 0.2%. Still, every major category showed a decline ... (full story)