US capital goods orders rise more than expected in March

The US Commerce Department said that core capital goods orders in the United States rose 1.0% in March after falling 0.3% in February, and core capital goods shipments rose 0.2% in March. Transportation equipment orders rose 0.2% in March after falling 4.4% in February Auto orders rose 5.0% in March after rising 0.3% in February while orders for the volatile civil aircraft category fell 9.9% in March after declining 27.3% in February . The data showed that durable goods orders rose 0.8% in March after falling 1.7% in February, and US GDP growth is expected to slow by 1.1% in the first quarter of this year.