Highlights of the March factory orders report, including revisions to the durable goods orders report:

  • Prior was +1.6% (revised to 1.5%)
  • March durable goods orders revised to 2.9% from 2.6%
  • Nondefense capital goods orders excluding aircraft revised to 3.5% from 2.2%

The revision on core orders is the real story and it points to a better economy coming into the Spring. That’s the largest one-month rise in 15 months.