The latest macro data from the US sees headline durable goods orders rise by 2.2 per cent in February.
Analysts had expected growth of just one per cent this month. But ignore the Boeing effects from strong orders, and the numbers are far less attractive.
Excluding transportation, orders growth is a tepid 0.2 per cent, against economist forecasts of a 0.3 per cent increase.
And last month's headline figure has been revised downwards, from -1 per cent to -1.3 per cent.
Boeing had 74 orders up from 38 boosting aircraft up 13.6% thus the strength in headline durable goods orders. Rest of report not strong.— Mike Jackson (@bondscoop) March 26, 2014